EU says Bayer Monsanto must not hurt competition in digital farming-paper

From Reuters - February 10, 2018

FRANKFURT (Reuters) - Bayer (BAYGn.DE) needs to ensure that a merger with rival Monsanto (MON.N) does not stifle competition in digital farming, the European Unions Competition Commissioner Margrethe Verstager told a German newspaper on Saturday.

Bayers $63.5 billion takeover of U.S. Monsanto, announced in 2016, is set to create the worlds largest seeds and pesticides company. [IFR3fvQLn]

Digitalisation is radically changing farming. We need to beware that through the merger, competition in the area of digital farming and research is not impaired, Verstager told Germanys Rheinische Post.

A Danish politician who is serving as Europes top anti-trust watchdog, Verstager told the paper the European Commissions role was not to block mergers, but to ensure they are structured in a way which does not hinder competition.


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