Bayer: Brussels imposes conditions on Monsanto merger.
(CercleFinance.com) - A huge project in the agrochemicals sector and the largest external growth operation targeting an American company, the merger between Bayer and Monsanto is currently leading to some reluctance from the European Commission.
Brussels will hence open an in-depth investigation into this 66 billion dollar merger, fearing that it would breach existing competition regulations.
As such it could therefore oppose the merger, at least if Bayer were to refuse to respect its commitments that could remove the Commission's reservations.
As a reminder, Monsanto shareholders massively (over 99%) voted in favour of this merger last December.
The Bayer share is currently (shortly after 4 pm) up 2.4% today.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
Brussels will hence open an in-depth investigation into this 66 billion dollar merger, fearing that it would breach existing competition regulations.
As such it could therefore oppose the merger, at least if Bayer were to refuse to respect its commitments that could remove the Commission's reservations.
As a reminder, Monsanto shareholders massively (over 99%) voted in favour of this merger last December.
The Bayer share is currently (shortly after 4 pm) up 2.4% today.
Copyright (c) 2017 CercleFinance.com. All rights reserved.