US seed and pesticide giant Monsanto dominates the Indian market. Farmers' families and activists there blame the company's practices for a wave of farmer suicides
The European Commission has given its blessing to the €54 billion deal, despite opposition from farmers and environmental groups. The acquisition will create the world's largest integrated pesticides and seeds company.
The EU Commission has announced it's opened an in-depth investigation into the mega takeover of Monsanto by Germany’s Bayer. Brussels said competition concerns had not been addressed sufficiently.
Pharma giant Bayer will sell some assets to its German rival BASF to gain regulatory approval for its takeover of US firm Monsanto, and create a company that will control more than a quarter of the world seed's market.
Amid vocal street protests from environmentalists, chief executive Werner Baumann has described the multi-billion-dollar takeover of Monsanto as a perfect fit despite the US chemical giant's "challenging image."
© 2018 Deutsche Welle |
Legal notice |
| Mobile version