Competition Tribunal gives green light to Bayer merger with Monsanto
Meanwhile, the tribunal says the Association of Electric Cable Manufacturers SA has admitted to directly or indirectly fixing the selling price of power cables
The Competition Tribunal has approved a merger between Bayer and Monsanto, subject to conditions.An intermediate merger was originally approved subject to conditions by the Competition Commission on May 3 2017. The merger is part of the global transaction between Bayer and Monsanto, which has been notified in other jurisdictions such as the US, Russia, China and Brazil.Bayer is active in the crop protection business in SA selling fungicides, insecticides, herbicides and seed treatment products, among others. Monsanto is active in the supply of seeds, biotechnology traits and herbicides in SA."The conditions require the merged entity to divest and sell the entire global Liberty Link trait technology and the associated Liberty branded agro-chemicals business of Bayer, as well as Bayer’s South African cotton seed business," the tribunal said on Friday.The conditions address competition concerns identified by the commission in the market for the supply of genetically modified (GM) cotto...
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