IHS Chemical Week

Dow increases divestiture target to $4.5-$6 billion

12:04 PM MDT | March 19, 2014

Dow Chemical said today at an investor meeting in Saudi Arabia that it has increased its asset sales target by $1.5-$2 billion, lifting expected proceeds to $4.5-$6 billion. This target includes the previously announced divestment of chlor-alkali and epoxy chain businesses. Dow says it expects pre-tax proceeds of $3-$4 billion from the divestment of those businesses, which is expected to be completed by the end of 2015. Dow says it expects to generate a further $1.5-$2 billion in pre-tax proceeds from divestment of other "non-strategic businesses." The successful...

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