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CCI approves Bayer takeover of Monsanto

| Updated on May 22, 2018 Published on May 22, 2018

 

The Competition Commission of India on Tuesday approved the acquisition of US seed major Monsanto by Bayer AG. However, the clearance is subject to compliance with certain modifications, CCI said in a tweet. German conglomerate Bayer is preparing to close its $62.5-billion deal of Monsanto this quarter. With this clearance, the merger may enter the fast phase. Shareholders of Monsanto India will closely monitor the developments, both at the global and domestic levels.

Published on May 22, 2018
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