The EU Commission clears a merger subject to remedies on the seeds, pesticides, and digital agriculture market (Bayer’s Crop Science / BASF)

MERGERS: COMMISSION CLEARS ACQUISITION OF PARTS OF BAYER'S CROP SCIENCE BUSINESS BY BASF, SUBJECT TO CONDITIONS* The European Commission has conditionally approved under the EU Merger Regulation the acquisition of parts of Bayer's Crop Science business by BASF. This transaction is related to the Bayer/Monsanto merger divestment commitments. Today's decision follows the Commission's conditional clearance in March 2018 of Bayer's planned acquisition of Monsanto. Bayer committed to divest an extensive remedy package worth well over €6 billion (the "Bayer Divestment Business") to address the competition concerns on overlaps between Bayer and Monsanto in seeds, pesticides and digital agriculture. The Commission concluded that this divestment package would enable a suitable buyer to

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European Commission, The EU Commission clears a merger subject to remedies on the seeds, pesticides, and digital agriculture market (Bayer’s Crop Science / BASF), 30 April 2018, e-Competitions April 2018, Art. N° 87062

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