Estimated at around 130 billion dollars (120 billion euro) the value of the merger between the two US chemical giants, which in December announced a marriage of equals, with the exchange of bonds and the mutual control of 50% of properties.
Subsequent to the approval of the antitrust authorities, the transaction is expected to close mid 2016, creating a new group comprising three independently listed businesses, respectively focused on agriculture, material sciences and specialty products. The deal provides growth synergies for more than a billion dollars and cost synergies of 3 billion, to be achieved in the first 24 months, heralded to generate some thirty millions.
