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CCI approves Bayer's $62.5 bn acquisition for US seed major Monsanto

Both Bayer and Monsanto had subsidiaries in India, making it mandatory for them to receive clearance from the CCI

Reuters  |  New Delhi 

Competition Commission of India (CCI) has approved the acquisition of US seed major Monsanto Co by Bayer AG, in a decision that moves the $62.5 billion deal a step closer to the finish line. German conglomerate Bayer is preparing to close the takeover this quarter, giving it control of more than 25 per cent of the world's seed and pesticides market. Both Bayer and Monsanto had subsidiaries in India, making it mandatory for them to receive clearance from the CCI. The acquisition had been approved "subject to compliance of certain modifications," the CCI said on ...

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First Published: Tue, May 22 2018. 19:12 IST
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