Reuters: Dow Chemical hires banks to sell two chemical units

Dow Chemical (DOW +1.2%) reportedly has started a process to sell two of its specialty chemicals subsidiaries that could fetch nearly a combined $2B, part of its effort to divest several billion dollars in non-core assets by 2015.

Dow is said to have hired investment bankers including Morgan Stanley to sell its Angus Chemical and AgroFresh subsidiaries.

The two units are in addition to the epoxy business and some chlorine and derivatives assets Dow previously said it has earmarked for sale.

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