A PYMNTS Company

Brazil: Bayer-Monsanto merger ruled “Complex”; new studies required

By  |  July 17, 2017

Brazil’s Administrative Council for Economic Defense (CADE) has stated that the global merger between agrochemical giants Bayer and Monsanto should be considered “complex” and that it is therefore necessary to carry out further studies regarding the possible impact of the operation on competition.

The agency also urged both parties to present their studies on possible economic efficiencies that would result from the operation, as it seeks to deepen its analysis on the possible impacts of the transaction on innovation in the sector.

The business operation, valued at more than US$66 billion and proposed in September by chemical giant Bayer, has already been approved by the boards of both companies.

Full Content: Folha de S. Paulo

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.