Deliver Your News to the World

Phase II investigation of the proposed combination of Bayer and Monsanto: Bayer will continue to work constructively with the European Commission

Bayer confirmed that the European Commission has initiated a Phase II investigation of the proposed combination of Bayer and Monsanto.


Leverkusen – WEBWIRE

The company had expected further review of the proposed acquisition of Monsanto due to the size and scope of the transaction. Bayer believes that the proposed combination will be highly beneficial for farmers and consumers, and will continue to work closely and constructively with the European Commission in its investigation.

The companies notified the transaction to the European Commission on June 30, 2017, and submitted commitments on July 31, 2017.

Bayer looks forward to continuing to work constructively with the Commission with a view to obtaining the Commissionís approval of the transaction by the end of this year.

Bayer: Science For A Better Life

Bayer is a global enterprise with core competencies in the Life Science fields of health care and agriculture. Its products and services are designed to benefit people and improve their quality of life. At the same time, the Group aims to create value through innovation, growth and high earning power. Bayer is committed to the principles of sustainable development and to its social and ethical responsibilities as a corporate citizen. In fiscal 2016, the Group employed around 115,200 people and had sales of EUR 46.8 billion. Capital expenditures amounted to EUR 2.6 billion, R&D expenses to EUR 4.7 billion. These figures include those for the high-tech polymers business, which was floated on the stock market as an independent company named Covestro on October 6, 2015. For more information, go to www.bayer.com.


( Press Release Image: https://photos.webwire.com/prmedia/8/212636/212636-1.jpg )


WebWireID212636





This news content was configured by WebWire editorial staff. Linking is permitted.

News Release Distribution and Press Release Distribution Services Provided by WebWire.