Bayer Offers Concessions to EU Commission for Monsanto Deal

The European Commission said Germany’s Bayer had submitted commitments aimed at easing competition concerns over its $66 billion takeover of U.S. agrochemicals group Monsanto, suggesting the company aims to avoid a lengthy review, according to an article on Reuters.com.

The Commission said it had extended a deadline by two weeks, aiming to complete its initial review of the deal by Aug. 22.

Advertisement

The German chemicals maker has previously agreed to major asset sales to win the go-ahead from competition authorities, though it did not comment on Tuesday on what it had offered to the European Commission.

It still expects to be able to close the deal by year-end.

Read the full story on Reuters.com.

Top Articles
ADAMA Reports Fourth Quarter and Full Year 2023 Results

Hide picture