The European Union approved on Monday 27 March the proposed merger between The Dow Chemical Company  and E. I. du Pont de Nemours. The EU approval came after both Dow and DuPont committed to divest major portions of different businesses.

The EU approved the $130 billion merger that will see the two industry giants separate into three different publically traded companies focused on agriculture, material science, and the production and sale of specialty products.

The Dow and DuPont deal is still awaiting approval from regulators in the US, Brazil, China, Canada and Australia. Both Dow and DuPont are confident the deal will pass all remaining regulatory obstacles.