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Cade gives its OK to Bayer’s takeover of Monsanto

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Cade, Brazil’s antitrust agency, approved on Wednesday (Feb.7) the takeover of U.S. seeds firm Monsanto by the German company Bayer AG, without requesting further asset sales beyond those announced last October in a global proposal.

The transaction faced fierce opposition from Brazilian soy and cotton growers as well as seed producers who are worried by what they perceive as the excessive market power of the combining companies excessive market power.

Final ruling on the matter are still pending in  the European Union and the United States.

 

CADE’s report on Monsanto-Bayer (in Portuguese)