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Dow Chemical to sell most chlorine assets in US$5b deal

Monday, March 30, 2015 - 05:50

Midland, Michigan

DOW Chemical Co will separate a portion of its century-old chlorine business and sell it to Olin Corp in a tax-efficient deal worth US$5 billion as part of efforts to shed low-margin assets.

The deal will make smaller rival Olin the world's largest producer of