Dow Updates Progress on Planned Divestments
The Dow Chemical Co. recently announced several updates regarding divestiture and portfolio management actions.
Reportedly in line with the company’s plans to divest $4.5-6 billion of non-strategic businesses and assets by 2015, Dow is now confirming that its Angus Chemical Co., Sodium Borohydride and AgroFresh businesses are being actively marketed for divestment. The company reportedly expects to complete signing of these transactions by the end of the year, and to close in early 2015. Collectively, these businesses are expected to yield proceeds greater than $2 billion.
Dow also reportedly continues to make progress on the planned carve-out of its U.S. Gulf Coast Chlor-Alkali/Chlor-Vinyl, Global Chlorinated Organics and Epoxy businesses, which collectively are expected to generate EBITDA of more than $500 million annually.
For more information, visit www.dow.com.