EU says Bayer Monsanto must not hurt competition in digital farming - paper [Reuters (UK)]
Monument Circle Acquisition Corp. - Class A (MON)
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Source: Reuters
EU says Bayer Monsanto must not hurt competition in digital farming - paper | Reuters Reuters Staff 2 Min Read FRANKFURT (Reuters) - Bayer ( BAYGn.DE ) needs to ensure that a merger with rival Monsanto ( MON.N ) does not stifle competition in digital farming, the European Union’s Competition Commissioner Margrethe Verstager told a German newspaper on Saturday. Bayer’s $63.5 billion takeover of U.S. Monsanto, announced in 2016, is set to create the world’s largest seeds and pesticides company. [IFR3fvQLn] “Digitalisation is radically changing farming. We need to beware that through the merger, competition in the area of digital farming and research is not impaired,” Verstager told Germany’s Rheinische Post. A Danish politician who is serving as Europe’s top anti-trust watchdog, Verstager told the paper the European Commission’s role was not to block mergers, but to ensure they are structured in a way which does not hinder competition. “It is our task to ensure that farmers still ha
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