Russian nod moves Bayer closer to wrapping up Monsanto deal [Reuters]
Monument Circle Acquisition Corp. - Class A (MON)
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Source: Reuters
Russian nod moves Bayer closer to wrapping up Monsanto deal | Reuters 2 Min Read FRANKFURT (Reuters) - Russia’s antitrust regulator FAS has approved Bayer’s BAYGN.DE planned takeover of Monsanto ( MON.N ), the German drugs and crop chemicals maker said, as it enters the home stretch to closing the $62.5 billion deal. Russia was one of the few jurisdictions to be won over, after the European Commission last month gave conditional clearance and after a source said Bayer struck an agreement in principle with the U.S. Department of Justice. “Bayer has agreed to enable the transfer of defined technologies to Russian recipients in the area of seeds breeding and digital farming for a period of five years,” the company said in a statement. As part of these concessions, it would share some genetic know-how on corn, wheat, oil seed rape, soybean and vegetable seeds. It would also grant “non-discriminatory” access to digital farming technologies once they were available in Russia, Bayer said.
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