April 11, 2018 / 12:56 PM / 11 days ago

EU approves changes to Bayer commitments over Monsanto deal

BRUSSELS, April 11 (Reuters) - The European Commission said on Wednesday it had approved a request by Germany’s Bayer to make two modifications to the commitments it made to get approval for its purchase of U.S. group Monsanto.

Under the new proposal, Bayer has asked to sell its Bayer seed treatment assets and products unit as well as its global digital agriculture assets to BASF.

The Commission, which oversees competition in the European Union, said the commitments as modified would be at least as effective to ease competition concerns as the previous proposal.

The competition watchdog said it was still assessing whether BASF was a suitable buyer for the units.

Reporting by Robert-Jan Bartunek; editing by Jason Neely

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