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Dow to sell polypropylene licensing business to W.R. Grace for $500 mln

Oct 11 (Reuters) - U.S. chemical maker Dow Chemical Co said it will sell its polypropylene licensing and catalyst business to smaller peer W.R. Grace & Co for $500 million.

Dow Chemical, which has divested non-core businesses worth about $8 billion in revenue since 2009, had been looking for buyers for this business.