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Dow Chemical says looking to raise $3-$4 billion from assets sales

October 24, 2013

By Garima Goel, Savio D’Souza and Swetha Gopinath; Bangalore

(Reuters) – Dow Chemical Co <DOW.N> said it was looking to raise at least $3 to $4 billion from assets sales and posted a higher quarterly profit.

Net income rose by a fifth to $594 million, or 49 cents per share in the third quarter ended September 30, from $497 million or 42 cents per share, a year earlier.

Revenue at the largest U.S. chemical maker by sales rose 1 percent to $13.73 billion, helped by strong agricultural demand.

(Reporting by Garima Goel and Swetha Gopinath in Bangalore; Editing by Savio D’Souza)