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Finance

EU Will Tell DuPont and Dow if They Can Merge by February

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Reuters
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October 3, 2016, 11:11 AM ET
Caption:BRUSSELS, BELGIUM - OCTOBER 24: European Union flags are pictured outside the European Commission building on October 24, 2014 in Brussels, Belgium. Alongside criticism from outgoing European Commission president Jose Manuel Barroso on the UK's stance on EU immigration and a plan to quit the European Court of Human Rights, the UK has now been told to pay an extra £1.7bn GBP (2.1bn EUR) towards the EU's budget because its economy has performed better than expected. (Photo by Carl Court/Getty Images)
Caption:BRUSSELS, BELGIUM - OCTOBER 24: European Union flags are pictured outside the European Commission building on October 24, 2014 in Brussels, Belgium. Alongside criticism from outgoing European Commission president Jose Manuel Barroso on the UK's stance on EU immigration and a plan to quit the European Court of Human Rights, the UK has now been told to pay an extra £1.7bn GBP (2.1bn EUR) towards the EU's budget because its economy has performed better than expected. (Photo by Carl Court/Getty Images) Photograph by Carl Court — Getty Images

EU antitrust regulators have resumed their investigation into the $130 billion merger of U.S. chemicals giants Dow Chemical and DuPont after the companies provided key data.

The European Commission, which halted its scrutiny in early September, will now decide by Feb. 6 whether to approve the deal.

Commission spokesman Ricardo Cardoso confirmed in an email that the companies had submitted important information requested by the EU competition enforcer.

The Commission opened a full investigation into the case in August, concerned that the deal to create the world’s largest integrated crop protection and seeds company might reduce competition in these sectors as well as certain petrochemicals.

The agricultural chemicals industry has seen a wave of consolidation in recent months.

The Commission is also examining another agrichemicals deal involving ChemChina and Syngenta.

German pharmaceutical and crop chemicals manufacturer Bayer AG also plans to buy U.S. peer and world No. 1 seeds company Monsanto Co.

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