(RTTNews) – Brazil’s antitrust regulator (CADE) considered the merger between Bayer and Monsanto a complex issue, meaning that it may need more time to analyze the transaction and its potential economic impact.
The antitrust regulator asked for a detailed survey of the economic efficiencies generated by the merger and the impact of the operation on innovation in the pesticide and seed markets. CADE may require more time to evaluate the case.
In 2016, Bayer bought Monsanto for US$ 66 billion. The multinationals’ combined revenue reaches US$ 25.8 billion. The completion of the business, which requires approval from antitrust agencies in several countries, can create a world leader in the herbicide and genetic engineering field for seeds.
This Article Was Originally From *This Site*
Powered by WPeMatico