Bayer-Monsanto bid gets another nod from US Justice Department

USA - Bayer, the German multinational’s US$60 billion bid to acquire Monsanto has received an approval from the US Justice Department after both the companies made divestments to meet anti-trust requirements. The deal between the two forms one of the largest integrated pesticides and seeds company, a sector that has seen robust growth, coupled with…

Lower corn sales plunge Monsanto’s Q2 revenue with 1.1% fall in net sales

USA - Monsanto, the publicly traded American multinational agrochemical and agricultural biotechnology corporation has reported a 1.1% fall in net sales to US$5.02bn in the three months ended February 28 compared to a year earlier. The company recorded US$181m drop in corn seed sales, US$181m drop in corn seed sales with US sales being the…

Bayer wins EU approval to take over Monsanto

GERMANY - German agrochemicals giant Bayer has won EU antitrust approval for its $62.5 billion buy of U.S. peer Monsanto, the latest in a trio of mega mergers that will reshape the agrochemicals industry. The tie-up is set to create a company with control of more than a quarter of the world’s seed and pesticides…

Monsanto chief advocates for GMO adoption to curb food shortages

KENYA - Monsanto, the US-based agriculture and chemical giant, has been advocating the adoption of biotechnology to sustain agricultural productivity in the face of declining output partly due to climate change. Kenya remains a reluctant player when it comes to adoption of genetically modified organisms (GMOs) and has since 2015 only allowed controlled approved field…

Bayer to sell its vegetable seeds business, transfer digital farming asset to satisfy EU

GERMANY - German chemical giant Bayer AG on Wednesday said it was preparing to sell more assets to win antitrust approval for its $60 billion-plus takeover of Monsanto Co., as getting the regulatory green light takes longer than expected. Chief Executive Werner Baumann said the company was preparing the sale of another bundle of assets…

EU pauses inquiry into Monsanto-Bayer mega-merger

EU - The EU said on October 5 that it had “stopped the clock” on its probe into German chemical firm Bayer’s proposed mega-takeover of US agri-giant Monsanto while it waits for the companies to provide information. Brussels launched an in-depth investigation in August into the €56-billion deal, which would create the world’s largest integrated…