The Competition Commission of India (CCI) has become the latest regulator to grant conditional approval to the $$62.5 billion takeover of Monsanto by Bayer. The conditions imposed on the chemical company have not been publicly disclosed, but an anonymous insider said the CCI had asked for "divestment of Bayer’s agriculture seeds, vegetable seeds, glufosinate-ammonium and the digital agriculture business". German chemical giant Bayer said the news was "another milestone" for the deal, which is expected to close this quarter after recently gaining Russian antitrust approval.
The Competition Commission of India (CCI) has become the latest regulator to grant conditional approval to the $62.5bn takeover of Monsanto by Bayer. The conditions imposed on the chemical company have not been publicly disclosed, but an anonymous insider said the CCI had asked for "divestment of Bayer’s agriculture seeds, vegetable seeds, glufosinate-ammonium and the digital agriculture business". German chemical giant Bayer said the news was "another milestone" for the deal, which is expected to close this quarter after recently gaining Russian antitrust approval.