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...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00.