Bayer Gains Russian Approval for Monsanto Deal
20 Avril 2018 - 12:15PM
Dow Jones News
By Nathan Allen
Bayer AG (BAYN.XE) said Friday that Russian antitrust
authorities have approved its proposed $57 billion acquisition of
Monsanto Co. (MON) on the condition that the German company
transfers certain technologies to Russian recipients.
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.
The approval brings Bayer a step closer toward achieving its
goal of acquiring Monsanto, which it first announced in 2016 and
which it aims to close in the second quarter of 2018.
Bayer received conditional approval from the European Commission
in March and is still waiting for a ruling from the U.S. Department
of Justice.
Read more about Bayer's takeover of Monsanto at
https://on.wsj.com/2JHcxUW (WSJ paywall) or http://bit.ly/2JH7FiR
(NewsPlus).
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
April 20, 2018 06:00 ET (10:00 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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