- Flower Bulb and Perennial Sales Position - Portland (Oregon) USA
- Plant Production Scientist - Brooklyn (NY) USA
- Greenhouse Assistant Grower - Abbotsford (B.C.) Canada
- Technical Sales Representative - South Western Ontario, Canada
- Farm Manager - West Africa
- Managing Agronomist - Surinam
- Vegetal Material Programme Leader - Cisterna di Latina (Latium), Italy
- Head of Sales North America - Sacramento (CA) USA
- Inkoop Specialist Holland Product - Netherlands
- Vegetable Grower - Australia
Top 5 -yesterday
Top 5 -last month
Top 5 -last week
Under the condition it sells Nunhems
EC approves Bayer’s proposed acquisition of Monsanto
The European Commission was set to announce whether it approves the Bayer and Monsanto merger in the first part of this year. The lack of competition in seeds, crop protection and traits was one reason for them to further investigate Bayer's proposed acquisition of Monsanto. Following this investigation, Bayer has sold selected Crop Science businesses to BASF for EUR 5.9 billion last year and announced the selling of the complete vegetable seeds business. Currently Bayer is in exclusive talks with BASF on the sale of its entire vegetable seeds business.
"Receipt of the European Commission’s approval is a major success and a significant milestone," said Bayer CEO Werner Baumann. "Together with Monsanto, we want to help farmers across the world grow more nutritious food in a more sustainable way that benefits both consumers and the environment." Bayer has now received approvals for the transaction from substantially more than half of the some 30 regulatory authorities, including those in Brazil and China.
Canola, cotton and soybean
The conditions cover also the divestment of certain Bayer businesses, including the global field crop seeds business such as canola, cotton, and soybean (with minor exceptions restricted to the Asia region), the R&D platform for hybrid wheat, the global vegetable seeds business, the global glufosinate ammonium business as well as certain glyphosate-based herbicides in Europe, predominantly for industrial use. In addition, Monsanto’s global business with the nematicide NemaStrike must be divested. The conditions also stipulate the transfer of three Bayer research projects in the area of non-selective herbicides and the granting of a license to Bayer’s digital farming portfolio. BASF is the intended purchaser of these assets.
The transaction remains subject to customary closing conditions, including receipt of required regulatory approvals. Bayer and Monsanto are working closely with the authorities - including the Department of Justice in the United States - with the goal of closing the transaction in the second quarter of 2018.
Publication date :
Receive the daily newsletter in your email for free | Click here
Other news in this sector:
- 09/18/2018 Greenyard’s shares rebounding after reopening of Hungarian factory
- 09/18/2018 Midwest distributor names Bob Reich as VP of Sales
- 09/18/2018 Gladstone Land acquires two orchards in California for $6.9 million
- 09/17/2018 Courchesne Larose celebrates 100th birthday in style
- 09/17/2018 Sakata Seed America celebrates Grand Opening of Woodland Innovation Center
- 09/17/2018 Dole Food Co. sold its 168,000 square-foot corporate campus for $50 million
- 09/17/2018 New CEO T&G looking forward to new challenge
- 09/14/2018 China: Qingdao pear harvest
- 09/14/2018 "China: "Frozen pumpkins processed in large volumes"
- 09/14/2018 United Fresh enhances industry relations team
- 09/14/2018 Is your farm eligible for a grant of up to $500,000?
- 09/14/2018 Sigfrido Fruit inaugurates new facilities and expects to reach 14 M€ in sales
- 09/14/2018 Ken Stewart managing sales at Asumendi Produce
- 09/13/2018 China: Branded products sell better
- 09/13/2018 "Vacuum cooling should not be ignored in the refrigerated supply chain"
- 09/13/2018 Cosur becomes Battaglio Argentina S.A.
- 09/13/2018 Natural biopesticide attracts investment in Canada
- 09/13/2018 Veggie support for 7th Alzheimer Marathon
- 09/13/2018 Checking food with a smartphone thanks to a broadband infrared LED
- 09/13/2018 Crunch Time Apple Growers adds new board member and promotes two staff members