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 competition and urged conditions for Brazilian approval of the corporate tie-up, a document released on the agency’s website shows and reported on Reuters.com.

The Bayer-Monsanto transaction, announced in September 2016, would create the world’s largest integrated pesticides and seeds company.

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The Cade unit said that anticipated merger-related efficiencies were insufficient to mitigate its competition concerns, according to the document dated Oct. 3.

It recommended what it termed as “structural solutions” as a condition for final approval the deal, which will be in the hands of Cade’s seven-member tribunal.

Read more at Reuters.com.

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