Thursday, 15 September 2016

Bayer buys Monsanto for USD 66 billion

German chemicals giant Bayer has confirmed its record-breaking USD66bn takeover of GM seeds business Monsanto - a deal that would create the world's biggest seeds and pesticides company.

If regulators approve the deal, the German pharmaceutical and chemical conglomerate would inherit Monsanto’s market-leading position in seeds and crop genes. That would tilt Bayer heavily toward agriculture in a long-range bet on high-tech crops to sustain a growing global population. 

No comments:

Post a Comment