A PYMNTS Company

Brazil: Bayer-Monsanto merger gets conditional antitrust OK

By  |  February 8, 2018

On Wednesday, February 7,  the Brazilian antitrust agency Cade approved Bayer AG’s  proposed takeover of US seeds company Monsanto without requiring further asset sales beyond a global proposal announced last October, reported Reuters.

The transaction, valued at US$66 billion when announced in September 2016, would create the world’s largest seeds and pesticides company. The value of the deal has since been revised to US$63.5 billion as Monsanto reduced its debt load.

The companies are waiting for approval of the deal in jurisdictions including the European Union and the United States, where final rulings are still pending.

Full Content: Reuters

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.