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Dow Chemical to sell most chlorine assets in US$5b deal
Published Sun, Mar 29, 2015 · 09:50 PM
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 chlor-alkali, which is used to make chlorine and caustic soda. The…
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