The Argentine government will be taking a closer look at the purchase of Monsanto by its German rival Bayer; the National Commission for the Defense of Competition has launched a new series of studies on this global operation.
The companies granted the Argentine CNDC a permit for the exchange of information with other agencies around the world, which will have to approve this sale originally planned at US$66 billion. This way the CNDC will have access to data handled by the Department of Justice of the United States, the Administrative Council of Economic Defense (CADE) of Brazil and the European Union.
In Argentina, Bayer and Monsanto own about 220 distributors. Both companies claim to carry complementary products and that the operation will not harm the competitive dynamics of the market. Without considering their the seed business, however, in agrochemicals, Bayer would control almost 25 percent of the market.
Full Content: La Nación
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Malaysia Introduces New Licensing Requirement for Digital Platforms
Jul 28, 2024 by
CPI
Drivers in Britain Still Overpaying for Road Fuel, UK Watchdog Reports
Jul 28, 2024 by
CPI
Six Major Banks Settle European Bond Price-Fixing Litigation
Jul 28, 2024 by
CPI
Italian Unit of Amazon Faces Second Probe for Suspected Tax Evasion
Jul 28, 2024 by
CPI
UnitedHealth Group Abandons Two Acquisitions Following Antitrust Division Scrutiny
Jul 28, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – International Trade & Antitrust
Jul 26, 2024 by
CPI
What is Wrong with the WTO Discipline on Subsidies?
Jul 26, 2024 by
CPI
The Abiding Tension Between Trade Remedy Law and Antitrust
Jul 26, 2024 by
CPI
Trade and Antitrust: An End to Isolationism
Jul 26, 2024 by
CPI
International Trade Law and Domestic Regulation of Generative Artificial Intelligence: Divergent Approaches?
Jul 26, 2024 by
CPI