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Mergers & Acquisitions

Dow to sell chemical terminals

by Alexander H. Tullo
September 19, 2020 | APPEARED IN VOLUME 98, ISSUE 36

 

Dow has agreed to sell marine terminal operations on the US Gulf Coast to Vopak Industrial Infrastructure Americas—a joint venture between the logistics firm Vopak and the investment company BlackRock—for $620 million. The deal includes facilities in Freeport, Texas, and Plaquemine and St. Charles, Louisiana. Dow inked a similar infrastructure deal in July, when it agreed to sell North American rail assets to Watco for $310 million. Dow also said in July that it was looking to shed 6% of its global workforce.

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