October 4, 2017 / 10:33 AM / a year ago

Brazil agency defers Bayer-Monsanto decision, cites anti-trust concerns

SAO PAULO, Oct 4 (Reuters) - A unit of Brazil's competition regulator Cade has postponed a decision on whether to approve the $66 billion takeover of Monsanto Co. by German life sciences firm Bayer SA, a document released on the agency's website shows.

Recommending structural solutions as a condition to give final approval for the deal, the unit said efficiencies from the combination of the two companies were insufficient to mitigate competition concerns.

The unit deferred a final decision to Cade's seven-strong tribunal, the document said. (Reporting by Ana Mano; editing by Alexander Smith)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below