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Bayer CropScience’s parent company gets CCI’s nod to acquire Monsanto

23 May 2018 Evaluate

Bayer CropScience’s parent company -- Bayer Aktiengesellschaft (Bayer AG) has received approval from Competition Commission of India (CCI) for the global acquisition of Monsanto Company. The Commission at its meeting held on May 21, 2018, approved the same.

The deal, which was announced in September 2016, required approval from about 30 countries, and so far 14 have approved the mega merger, which will result into the world’s largest seed and pesticides firm.

Bayer CropScience is engaged in manufacturing and marketing of crop-protection solutions, and trades in seeds on behalf of group company Bayer Bioscience.

Peers
Company Name CMP
UPL 507.85
PI Industries 2250.00
Bayer CropScience 3534.75
Sharda Cropchem 740.90
Sumitomo Chem. India 418.50
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