Antitrust nods Bayer-Monsanto deal, cos to transfer technologies - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Antitrust nods Bayer-Monsanto deal, cos to transfer technologies

MOSCOW, Apr 20 (PRIME) -- The Federal Antimonopoly Service has approved a U.S. $66 billion merger of German chemical and pharmaceutical company Bayer and U.S. Monsanto, the companies agreed to transfer their technologies to Russia, the serviceТs Director Igor Artemyev said in a news conference on Friday.

УThe large deal of BayerТs acquisition of Monsanto company has been finished in the Russian jurisdiction, the antimonopoly authority has issued its approval of the deal,Ф Artemyev said.

The merger was agreed in 2016. In November 2017, the service said the deal may lead to domination of the new company on all the relevant Russian markets and creation of high entry barriers for others. The service set some stipulations for the deal, including a requirement to share their technologies for selection and digital agriculture. Bayer disagreed with the decision and sued the service in February 2018, but engaged in consultations with the authority.

УThey will transfer modern technologies on which they have worked for decades,Ф Artemyev said.

End

20.04.2018 11:34
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 74.6816 -0.1335 21 feb
USD 65.8568 -0.3454 21 feb
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1194.40 +1.77 18:50 20 feb
micex 2487.82 +1.19 18:50 20 feb
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 154.43 +0.26 18:49 20 feb
lkoh 5445.00 +0.03 18:49 20 feb
rosn 402.90 -0.01 18:49 20 feb
sber 206.89 +2.38 18:49 20 feb
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 74.5350 -0.1100 14:59 20 feb
USDTD 65.7550 -0.4550 17:44 20 feb