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Friday, 17 August 2018

Bayer presses on with Monsanto integration as stock suffers

Bayer presses on with Monsanto integration as stock suffersGerman chemicals and pharmaceuticals giant Bayer said Thursday it would finally begin integrating US seeds and pesticides maker Monsanto into its business, after meeting competition authorities' final conditions for the merger. Two months after it bought the US firm, "the integration of Monsanto into the Bayer Group can begin," the Leverkusen-based company said. Thursday saw Bayer complete the sale of a final tranche of crop science businesses worth 5.9 billion euros ($6.7 billion) to rival BASF under concessions imposed by cartel watchdogs.




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