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| Europe |
| EU approves Bayer’s $62.5bn takeover of GMO & pesticide giant Monsanto |
| 2018-03-22 |
[RT] Germany's Bayer won EU antitrust approval on Wednesday for its multi-billion-dollar purchase of Monsanto. The mega-merger is expected to reshape the agrochemicals industry. The deal will create a giant company with control of more than a quarter of the world’s seed and pesticides market.
The European Commission said Bayer had addressed its concerns with an offer to sell a swathe of assets to boost rival BASF. Bayer pledged to sell certain seed and herbicide assets for €5.9 billion ($7.2 billion) to BASF and to give it a license to its digital farming data |
| Posted by:Fred |