Bayer CEO Expects EU Nod for Monsanto Deal After Extended Probe

Bayer AG’s CEO said he expects its $66 billion combination with Monsanto Co. to close by the end of the year despite conceding that the deal faces an in-depth European Union investigation given its size and complexity, writes Gaspard Sebag on Bloomberg.com.

Werner Baumann told investors Thursday “there’s absolutely no reason to doubt” the companies can close the deal by the end of the year even if the European Commission opens a so-called phase II in-depth review, which would push back the current Aug. 7 deadline for the EU to rule on the deal by about four months. “There’s still a half a year left,” he said.

“We have always expected that in Europe we might go into a phase II because it is a large and complex deal,” Baumann said. “Just out of pure magnitude of data we submitted to the commission, it is clear that they have a lot of reviewing to do.”

Read the full story on Bloomberg.com.

Topics: , , ,

Agrichemicals

Agrichemicals

Monsanto Sues Arkansas Regulator Over Dicamba Ban

Monsanto is challenging the restrictions as Arkansas edges closer to adopting a temporary ban on dicamba herbicides for next year.

Agrichemicals

Summit Agro USA Launches New Corn Herbicide

SHIELDEX 400SC controls a wide range of broadleaf and grass weeds, including troublesome weeds such as tall waterhemp, Palmer amaranth, giant ragweed and giant foxtail.

Africa/Middle East

Syngenta, USAID Renew Global Collaboration to Improve Food Security

Renewed MOU to develop agriculture in Africa, Asia and Latin America.

Bob Fairclough
Agrichemicals

U.S. Remains the Leading Crop Protection Market — For Now

Exclusive article by Dr. Bob Fairclough of Kleffmann Group.

Agrichemicals

Crop Protection Rebates: Playing the Game

From the earliest days of competitive selling, the concept of rewarding customer loyalty has been a page, if not a full chapter, in the capitalist playbook.

Agrichemicals

BASF to Acquire Bayer Seed, Herbicide Businesses for $7 Billion

The assets to be acquired include Bayer’s global glufosinate-ammonium non-selective herbicide business, commercialized under the Liberty, Basta and Finale brands, and seed businesses for key row crops in select markets.

Agrichemicals

Monsanto Announces Enhanced Label for XtendiMax

Updates include mandatory training, new record keeping requirements, and a Restricted Use Pesticide (RUP) designation.

Agrichemicals

EPA Sets Regulatory Actions on Dicamba for 2018

Manufacturers have voluntarily agreed to label changes that impose additional requirements for over-the-top use of these products next year.

Agrichemicals

China’s New Pesticide Rules Change How Products are Brought to Market

By Bo Yang, Jose Carvalho and Xiaohua He Dr. Knoell Consult Shanghai Co., Ltd China Ministry of Agriculture (MoA) has

Agrichemicals

Agricultural Cooperative ZEN-NOH, Mitsubishi Corp. to Form Agrichemical Joint Venture

The National Federation of Agricultural Cooperative Associations (ZEN-NOH) and Mitsubishi Corp. (MC) have announced the establishment of a new joint

Jim-DeLisi-and-Alex-Polinksy
Agrichemicals

Crop Protection Market Pressure Leading to Supplier Consolidation

The agricultural industry should be prepared for plenty of “domino effects” from moves within the crop protection sector.

Agrichemicals

Ag Disruptor to Watch: Crop Enhancement Has Unique Approach

CropCoat, the signature product of San Jose, California start-up Crop Enhancement, doesn’t quite fit into any of the typical crop protection categories.

Agrichemicals

A Big Week for the Future of Pesticide Authorization in the EU

The politically charged debate surrounding the future use of a number of key agricultural pesticides continues in Europe this week.

Agrichemicals

Elemica Partners with DHL Resilience360 to Better Mitigate Supply Chain Risk

Elemica, a leading Business Network for the process industries, and DHL Resilience360, a leading cloud-based supply chain risk management platform,

Agrichemicals

Brazil Agency: Bayer-Monsanto Tie-up can Hurt Competition

A unit of Brazil’s competition regulator Cade has said Bayer AG’s proposed takeover of Monsanto Co. could be detrimental to

Agrichemicals

Monsanto Sees Improved Glyphosate Prices, More Xtend Acres in ’18

Monsanto Co. announced higher fourth-quarter sales and a profit compared with a year ago, powered by higher sales of new corn and soybean seed and trait technologies.

Agrichemicals

AMVAC Completes Acquisition of OHP

American Vanguard Corp. (AMVAC) has completed the acquisition of OHP, Inc. a leading provider of technology based pesticide solutions for

Agrichemicals

Chempro’s Diego Taube Discusses Regulatory, Other Changes in Argentina

AgriBusiness Global sat down with Diego Taube, Managing Director, Chempro S.A., based in Buenos Aires, Argentina, following the AgriBusiness Global Trade Summit -- Americas to discuss changes impacting Argentina's agrichemical market.

Agrichemicals

Adama Finalizes Combination with Sanonda

The combined company’s shareholders approved the appointment of Yang Xingqiang, President of ChemChina, as the new Chairman of its Board, as well as the appointment of new directors.

Latest News

Agrichemicals

Monsanto Sues Arkansas Regulator Over Dicamba Ban

Monsanto is challenging the restrictions as Arkansas edges closer to adopting a temporary ban on dicamba herbicides for next year.

Agrichemicals

Summit Agro USA Launches New Corn Herbicide

SHIELDEX 400SC controls a wide range of broadleaf and grass weeds, including troublesome weeds such as tall waterhemp, Palmer amaranth, giant ragweed and giant foxtail.

Americas

Precision Agriculture to Improve Nutrient Use Efficiency in Brazil

The IPNI Brazil Symposium on Precision Agriculture was held in early October in Goiânia, Goiás, in central western Brazil.

Africa/Middle East

Syngenta, USAID Renew Global Collaboration to Improve Food Security

Renewed MOU to develop agriculture in Africa, Asia and Latin America.

Agrichemicals

U.S. Remains the Leading Crop Protection Market — For Now

Exclusive article by Dr. Bob Fairclough of Kleffmann Group.