Bayer-Monsanto wedding, the green light also arrives from the United States. The approval by the US antitrust will therefore allow the acquisition by Monsanto for a figure equal to 66 billion dollars, creating the largest producer in the world of seeds and agricultural chemicals
He is about to end up run over, his mother saves him
Bayer-Monsanto wedding, the green light also arrives from the United States. The approval by the US antitrust will therefore allow the acquisition by Monsanto for a sum equal to 66 billion dollars, creating the largest producer in the world of seeds and agricultural chemicals.
Bayer has now obtained almost all the necessary clearances to close the transaction. The merger therefore seems closer, only the opinions of the antitrust authorities of Mexico and Canada are missing, now given for certain. By June 14, the wedding should be celebrated, as until that date Monsanto would theoretically have the right to step back and find a buyer willing to pay more than Bayer.
The US obstacle has been overcome. The German agrochemistry giant gained Washington Justice Department approval after nearly 2 years of overhaul. But, to remove regulatory hurdles, Bayer has agreed to sell about $ 9 billion of agricultural assets and assets to chemical giant BASF, which will happen in about two months.
Activities include Bayer's canola, soybean and vegetable seed companies, as well as the Liberty herbicide business, all of which currently compete with Monsanto's.
The package is the largest of its kind in the United States and can therefore give an idea of the huge economic interests behind the merger between Bayer and Monsanto.
Once the agreement is concluded, three global giants will dominate the global agricultural industry, a prospect that cannot fail to cause concern. The two companies could market about a quarter of the pesticides sold worldwide. They could also play a major role in the US soybean and cereal sector. Not to mention the spread of GMOs, the increased use of pesticides and herbicides, not least the glyphosate.
"Receiving DOJ approval brings us closer to our goal of creating a leading agricultural company," are the words of Bayer CEO Werner Baumann. "We want to help farmers around the world grow more nutritious foods in a more sustainable way."
Europe has also given its green light to the merger. We can only cross our fingers and hope that the consequences are less severe than assumed.
READ also:
- Monsanto-Bayer: the green light for the merger arrives from the European Commission
- Bayer-Monsanto merger: 10 dangers to health and the environment
Francesca Mancuso
