KIA rethink Dow Chemical deal

10 February 2009



According to the Financial Times, the Kuwait Investment Authority would consider increasing their support for Dow Chemical's disputed takeover of Rohm and Haas if the terms of the deal were changed to account for the downturn.


Dow failed to complete the $15 billion (€11.5 billion) deal after the collapse of a joint venture between Dow and PIC - an arm of the Kuwaiti Petroleum Corporation - that was supposed to contribute $7.5 billion to help pay for the acquisition. Warren Buffett has agreed to contribute $3 billion and the KIA was to have added $1 billion.



Privacy Policy
We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.