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India: Bayer expects Monsanto acquisition to close soon

 |  January 17, 2018

German chemical and pharma major Bayer today expressed confidence that it would secure fair trade regulator, the Competition Commission of India’s, nod by April or May for the US$66 billion acquisition of US-based biotech major Monsanto.

India is one of the 30 countries whose approval is needed for the merger to go through. As many as 14 countries have already approved the merger.

The company has secured one approval in the US, while one more is pending. The European Union’s clearance is also awaited.

“We are working with the regulator. We are confident of getting the CCI approval,” said Richard van der Merwe, the senior Bayer representative of South Asia.

Full Content: The Economic Times

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