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China's commerce ministry conditionally approves Bayer's acquisition of Monsanto

Reuters  |  BEIJING 

(Reuters) - China's commerce ministry said on Tuesday it has conditionally approved the German drug and Bayer's acquisition of the world No. 1 seed company

The ministry also ordered to spin off some businesses globally, including vegetable seeds, corn, soybean, cotton, and herbicide, according to a statement posted on its website.

has already pledged to sell certain seed and herbicide assets for 5.9 billion euros ($7.27 billion) to to address EU regulatory concerns.

($1 = 0.8114 euros)

(Reporting by Monitoring Desk; Editing by Shri Navaratnam)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, March 13 2018. 14:59 IST