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.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    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.