China conditionally approves Bayer-Monsanto deal

Bayer has secured conditional approval from China’s commerce ministry for its planned acquisition of 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.

Bayer has secured the go-ahead from Brazilian regulators, while people familiar with the matter told Reuters two weeks ago that Bayer was in the frame to win conditional antitrust approval from the European Union for the $62.5 billion deal.

Read more at Reuters

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