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EU set to approve $62.5bn Bayer, Monsanto deal

Published February 28, 2018 Updated February 28, 2018 11:49am
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By Shoaib Ur RehmanReuters
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BRUSSELS: EU antitrust regulators are set to approve with conditions German drug and crop chemical maker Bayer's $62.5 billion bid for world No. 1 seed company Monsanto, two people familiar with the matter said on Wednesday.

Bayer has already pledged to sell certain seed and herbicide assets for 5.9 billion euros ($7.2 billion) to BASF to address EU regulatory concerns.

Earlier on Wednesday Bayer said additional concessions to antitrust regulators would include the sale of its vegetable seeds business, confirming a Reuters report.

 

Copyright Reuters, 2018

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