Argentina: Following close of Bayer-Monsanto merger, still pending Argentina’s approval

German firm Bayer confirmed last Thursday that it had completed the purchase of multinational seed-maker Monsanto, in what will become one of the largest “Brand kills” in history, as the name of the American company first founded in 1901 will no longer be used.

The merger, which was announced in September 2016, finally came to a close after the antitrust authorities at the US Department of Justice gave their approval, though they imposed obligations on Bayer to sell many of its assets.

In Argentina, the National Commission for the Defense of Competition has not yet issued a decision in this regard and, therefore, both companies will continue to operate independently until the official authorization arrives.

“In Argentina, and until we obtain the final approval of the competent agencies in our country, the two companies will continue to operate independently and develop their activities as before the acquisition. That is to say, its operational and daily relationship with both Bayer and Monsanto, will remain as it has been to this day” Bayer said in the statement to the press.

Full Content: AgroVoz

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