https://www.engineeringnews.co.za

Bayer to sell South African cotton seed business as part of Monsanto merger conditions

11th May 2018

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

The Competition Tribunal on Friday approved a merger between German multinational pharmaceutical and life sciences company Bayer and US multinational agrochemical corporation Monsanto on the condition that the merged entity sell the Bayer South African cotton seed business.

The merged entity must also sell the entire global Liberty Link trait technology and the associated Liberty branded agrochemicals business of Bayer.

The conditions are aimed at addressing competition concerns that were identified by the Competition Commission for the supply of genetically modified cotton seeds.

The potential buyer of the divested businesses will be required to commercialise the divested products in South Africa, or alternatively, to license the divested business to a South African third-party to commercialise.

Bayer is active in the crop protection business in South Africa, selling fungicides, insecticides, herbicides and seed treatment products.

Monsanto is active in the supply of seeds, biotechnology traits and herbicides in South Africa.

Both companies are also involved in research and development for biotechnology traits and the discovery and development of active ingredients globally, which are critical inputs in the development of genetically modified seeds and agrochemicals.

In terms of the agreement, a trustee – an independent third party – will be appointed to oversee the divestiture, which will include distribution rights and other intellectual property rights owned or licensed to Bayer in South Africa.

This is to ensure the development, production and sale of cotton in South Africa.

The merger is part of the global transaction between Bayer and Monsanto, which has been notified in various jurisdictions, including the US, Russia, China and Brazil.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Rio-Carb
Rio-Carb

Our Easy Access Chute concept was developed to reduce the risks related to liner maintenance. Currently, replacing wear liners require that...

VISIT SHOWROOM 
Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.386 0.445s - 170pq - 2rq
Subscribe Now