Bayer Gains Russian Approval for Monsanto Deal

Bayer AG said Friday that Russian antitrust authorities have approved its proposed $57 billion acquisition of Monsanto Co. on the condition that the German company transfers certain technologies to Russian recipients, reports Nathan Allen on MarketWatch.com.

Under the terms of the approval, Bayer agreed to transfer selected molecular breeding assets in several crops for a period of five years, the company said. It didn’t specify who the Russian recipients will be.

Bayer said it has agreed to grant non-discriminatory access to digital-farming technologies after the products have been launched in Russia.

Read more at MarketWatch.com.

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