Argentina: Following close of Bayer-Monsanto merger, still pending Argentina’s approval
German firm Bayer confirmed last Thursday that it had completed the purchase of multinational seed-maker Monsanto, in what will become one of the largest “Brand kills” in history, as the name of the American company first founded in 1901 will no longer be used.
The merger, which was announced in September 2016, finally came to a close after the antitrust authorities at the US Department of Justice gave their approval, though they imposed obligations on Bayer to sell many of its assets.
In Argentina, the National Commission for the Defense of Competition has not yet issued a decision in this regard and, therefore, both companies will continue to operate independently until the official authorization arrives.
“In Argentina, and until we obtain the final approval of the competent agencies in our country, the two companies will continue to operate independently and develop their activities as before the acquisition. That is to say, its operational and daily relationship with both Bayer and Monsanto, will remain as it has been to this day” Bayer said in the statement to the press.
Full Content: AgroVoz
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
FTC Pushes Review of CoStar’s Commercial Real Estate Antitrust Case
Jan 31, 2024 by
CPI
UK’s CMA Investigates Ardonagh’s Atlanta Group and Markerstudy Merger
Jan 31, 2024 by
CPI
Greenberg Traurig Grow Financial Regulatory and Compliance Practice
Jan 31, 2024 by
CPI
Dutch Regulator Fines Uber €10 Million for Privacy Violations
Jan 31, 2024 by
CPI
DOJ Investigates AI Competition, Eyes Microsoft’s OpenAI Deal: Bloomberg
Jan 31, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – The Rule(s) of Reason
Jan 29, 2024 by
CPI
Evolving the Rule of Reason for Legacy Business Conduct
Jan 29, 2024 by
CPI
The Object Identity
Jan 29, 2024 by
CPI
In Praise of Rules-Based Antitrust
Jan 29, 2024 by
CPI
The Future of State AG Antitrust Enforcement and Federal-State Cooperation
Jan 29, 2024 by
CPI