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Agriculture News:The EC Approvals to Bayer’s Acquisition of Monsanto

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Elküldve 7 Nappal ezelőtt | Mindent mutat |Olvasó mód
 hfcy  szerkesztette ezt a hozzászólást. Idő: 2018-4-16 11:23

EC news release that the merger depends on divestiture of an extensive remedy package, which addresses the parties' overlaps in seeds, pesticides and  agriculture plastic net.



Because the parties’ remedies, worth well over €6 billion, EC has approved Bayer’s plans to take over Monsanto which can meet their competition concerns in full. EC's decision ensures that there will be effective competition and innovation in seeds, pesticides, and agriculture olive net markets also after this merger.



In particular, EC has made sure that the number of global players actively competing in these markets stays the same. That is important because they need competition to ensure farmers have a choice of different seed varieties and pesticides at affordable prices.



There is no doubt that they need competition to push companies to innovate in digital agriculture and to continue to develop new products that meet the high regulatory standards in Europe, to the benefit of all Europeans and the environment.



The EC assessed more than 2,000 different product markets and reviewed 2.7 million internal documents in its review. It concluded that the transaction as notified would have significantly reduced competition of shade net suppliers on price and innovation in Europe and globally on a number of different markets.



The Commission also had concerns that it would have strengthened Monsanto’s dominant position on certain markets, where Bayer is an important challenger of Monsanto. And The Bayer committed to grant a license to its entire global digital agriculture product portfolio and pipeline products to ensure continued competition on this emerging market.
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