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EU OKs Bayer’s Divestiture To BASF In $62B Monsanto Deal

Law360 (April 11, 2018, 3:32 PM EDT) -- The European Commission said Wednesday it has approved Bayer AG’s request to sell its seed, pesticide and agricultural technology assets to competitor BASF SE to allay antitrust concerns over its proposed $62 billion acquisition of agrochemical company Monsanto Co.

Bayer received conditional approval of the deal in March after the company submitted new commitments where it agreed to divest its seed treatment assets and products to BASF, as opposed to Monsanto’s seed treatment assets, and its global digital agriculture assets and products. Despite the approval of...
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