Collecting millet for planting in Gafati, Niger. Critics are concerned that farmers could become more dependent on the megacorporation, particularly in the global South. <br/>Photo: © FAO/Andrew Esiebo
Collecting millet for planting in Gafati, Niger. Critics are concerned that farmers could become more dependent on the megacorporation, particularly in the global South.
Photo: © FAO/Andrew Esiebo

29.03.2018

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Bayer’s takeover of Monsanto has been approved by the European Commission, although this is subject to certain conditions. Civil society organisations are criticising the growing power in the seed and pesticide market.

The European Commission announced in March 2018 that it has reviewed and approved the takeover of Monsanto by Bayer in accordance with the EU Merger Regulation.

Approval is subject to the condition that, under an extensive package of corrective measures, disposals will be carried out to counter the overlap of business activities in the areas of seed, pesticides and digital agriculture.

Bayer has proposed BASF as the purchaser of the disposals package. The Commission has not yet completed its review of whether BASF meets all the requirements for a suitable buyer, and whether this may lead to other problematic overlapping or concerns about competition. Bayer and Monsanto may not complete the merger until the Commission has finished its review of the proposed buyer.

World’s largest supplier of seed and pesticides

Monsanto is the world’s larger supplier of seed. The company earns much of its sales revenue in the USA and Latin America.

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