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EU: Bayer offers concessions for Monsanto deal

By  |  August 2, 2017

The European Commission said Germany’s Bayer had submitted commitments aimed at easing competition concerns over its US$66 billion takeover of US agrochemicals group Monsanto suggesting the company aims to avoid a lengthy review.

The Commission said it had extended a deadline by two weeks, aiming to complete its initial review of the deal by Aug. 22.

The German chemicals maker has previously agreed to major asset sales to win the go-ahead from competition authorities, though it did not comment on Tuesday on what it had offered to the European Commission.

Full Content: Reuters

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