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Image header Agence Europe
Europe Daily Bulletin No. 8928
Contents Publication in full By article 34 / 37
GENERAL NEWS / (eu) eu/competition

14/04/2005 (Agence Europe) - The Commission has granted clearance to the acquisition of sole control of DuPont Dow Elastomers L.L.C. (DDE) by E.I. du Pont de Nemours and Company (DuPont). DDE is a joint venture formed in 1996 (and approved by the Commission) ultimately controlled by DuPont and the Dow Chemical Company (Dow) each with 50% of the shares. DuPont is a world player in a variety of innovative product and service markets, including agriculture, electronics, construction and architecture etc. Its subsidiary is active in the elastomers sector. The operation was estimated to cost around USD 87 M and was examined under the simplified merger review procedure.

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