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BRIEF-Corteva To Buy Chemours' Insurance Rights For $150 Million
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BRIEF-Corteva To Buy Chemours' Insurance Rights For $150 Million
Aug 4, 2025 6:16 AM

Aug 4 (Reuters) - Chemours Co ( CC ):

* CHEMOURS ( CC ), DUPONT AND CORTEVA REACH AGREEMENT WITH THE

STATE OF

NEW JERSEY TO COMPREHENSIVELY RESOLVE ALL ENVIRONMENTAL CLAIMS

INCLUDING PFAS

* CHEMOURS CO ( CC ) - DUPONT ( DD ), CORTEVA TO BUY CHEMOURS' INSURANCE

RIGHTS

FOR $150 MILLION

* CHEMOURS CO ( CC ) - SETTLEMENT PAYMENTS TOTAL $875 MILLION OVER

25

YEARS STARTING 2026

* CHEMOURS CO ( CC ) - RESPONSIBLE FOR 50% OF SETTLEMENT PAYMENTS,

ABOUT

$250 MILLION

* CHEMOURS CO ( CC ) - DUPONT AND CORTEVA WILL ESTABLISH A RESERVE

FUND

BASED ON THEIR RESPECTIVE COST SHARING PERCENTAGES, CAPPED AT

$475 MILLION

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