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3/27/17

EU Commission: clears major agro-chemical merger between Dow Chemical and Dupont worrying environmentalists - and raising lots of other questions

Global polluters blessed by the EU Commission
The European Commission approved on Monday (27 March) the proposed $130 billion merger of Dow Chemical and Du Pont. But the decision triggered a strong reaction from environmentalists, who believe that such mergers lead to “major monopolies”.

Dow Chemical and DuPont, two of the oldest US companies, announced their tie-up in December 2015 to create the world’s biggest chemicals and materials group.

“Due to significant commitments on products and the worldwide research and development organization, the merger of Dow and Dupont can be approved,” EU Competition Commissioner Margrethe Vestager said.

The European Commission had been concerned that the merger of two of the biggest and oldest US chemical producers would have few incentives to produce new herbicides and pesticides in the future.

By approving this merger, however, it will not escape some that this approval shows once again the servitude of the EU Commission to US business interests. Even to those who are among the major global polluters and environmentally abusive corporations.

EU-Digest
 

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