Brazilian antitrust agency greenlights Bayer-Monsanto deal

Brazilian antitrust agency Cade approved Bayer’s proposed takeover of Monsanto, without requiring further asset sales beyond a global proposal announced last October, Reuters reports.

Cade’s commissioners voted 4-2 in favor of the tie-up under an agreement, negotiated between the companies and global antitrust agencies, that included the sale of several of Bayer’s assets to BASF.

Bayer and Monsanto are waiting for approval of the deal in jurisdictions including the European Union and the United States, where final rulings are still pending.

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