Brazilian Antitrust Agency Approves Bayer-Monsanto Tie-up

Posted by Matt Hopkins|8 February 2018

Brazilian antitrust agency Cade has approved Bayer AG’s proposed takeover of U.S. seeds company Monsanto Co. without requiring further asset sales beyond a global proposal announced last October, reports Bruno Federowski and Leonardo Goy on Reuters.com.

Cade’s commissioners voted 4-2 in favor of the tie-up under an agreement, negotiated between the companies and global antitrust agencies, that included the sale of several of Bayer’s assets to BASF SE.

Approval of the transaction in Brazil, a powerhouse producer of grains and other agricultural commodities, clears a crucial hurdle for the deal, which the companies initially aimed to have approved by the end of 2017.