The European Commission announced on Tuesday that it has launched an investigation on Bayer’s intended takeover of Monsanto.
Competition Commissioner Margrethe Vestager has expressed concerns that the proposed €56bn takeover will give rise to an oligopoly in the farming industry, rising costs for farmers and consumers. The Commission will announce the result of its investigation by January 8, 2018, Il Sole24 reports.
Monsanto has a bad reputation in Europe, both because of its role in the deve...
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