Bayer's takeover of Monsanto conditionally approved in China
Story Date: 3/15/2018

 

Source: GENETIC LITERACY PROJECT, 3/14/18



Bayer’s on [March 13] secured conditional approval from China’s commerce ministry for its planned acquisition of the world No. 1 seed company Monsanto, chalking up a victory in the onerous struggle to win over watchdogs across the globe.
The ministry also ordered the German drug and crop chemicals maker to spin off some businesses globally, including vegetable seeds, corn, soybean, cotton, and herbicide, according to a statement posted on the ministry’s website.

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