Para os mais distraídos ou menos atentos : A BAYER comprou a
MONSANTO.
Fica assim centralizado um Poder Imenso, decisivo para o futuro do Planeta … Manipulação Genética e
controle absoluto sobre as sementes e espécies Vegetais…
OVOODOCORVO
Bayer wins U.S. nod for Monsanto deal to create agriculture
giant
Diane Bartz, Ludwig Burger
FRANKFURT/WASHINGTON (Reuters) - Bayer (BAYGn.DE) won U.S.
approval for its planned takeover of Monsanto (MON.N) after agreeing to sell
about $9 billion in assets, clearing a major hurdle for the $62.5 billion deal
that will create by far the largest seeds and pesticides maker.
Makan Delrahim, who heads the U.S. Justice Department’s
(DoJ) Antitrust Division, said the asset sales agreed to by Bayer were the
“largest ever divestiture ever required by the United States.”
A Bayer spokesman said the planned sale of businesses with
2.2 billion euros ($2.54 billion) in sales to BASF already agreed to address
antitrust concerns, mainly in Europe, were not materially different from the
DoJ’s demands.
“Receipt of the DOJ’s approval brings us close to our goal
of creating a leading company in agriculture,” Bayer CEO Werner Baumann said in
a statement.
Shares in Bayer jumped to the top of Germany's DAX .GDAXI
index in early Wednesday trading and were trading up 2.8 percent at 101.6 euros
by 0833 GMT.
Bernstein analysts said the DoJ approval made it possible
for Bayer to close the Monsanto deal by the end of June.
After months of delays in a drawn-out review process the
ruling brings Bayer close to creating an agricultural supplies giant with sales
of about 20 billion euros, based on 2017 figures, when taking into account the
divestments.
At current foreign exchange rates, that compares to about
12.4 billion euros at DowDuPont’s (DWDP.N) Corteva Agriscience unit, 11 billion
euros at ChemChina’s Syngenta and 7.9 billion at BASF, including businesses to
be acquired.
Bayer’s move to combine its crop chemicals business, the world’s
second-largest after Syngenta AG SYNN.S, with Monsanto’s industry-leading seeds
business, is the latest in a series of major agrochemicals tie-ups. U.S.
chemicals giants Dow Chemical DOW.N and DuPont merged in September 2017 and are
now in the process of splitting into three units. In other consolidation in the
sector, China’s state-owned ChemChina purchased Syngenta and two huge Canadian
fertilizer producers merged to form a new company, now called Nutrien (NTR.TO).
Bayer committed to selling its entire cotton, canola, soybean and vegetable
seeds businesses and digital farming business, as well its Liberty herbicide,
which competes with Monsanto’s Roundup.
Under agreements with European and other antitrust
enforcers, Bayer agreed to sell assets with revenues of 2.2 billion euros ($2.6
billion), to rival BASF (BASFn.DE) for 7.6 billion euros.
Bayer said in a statement it expected Bayer and Monsanto to
begin the integration process as soon as the sales to BASF are complete, which
it said are expected to take two months to complete.
If Bayer does not close the deal by June 14, Monsanto could
withdraw from the takeover agreement and seek a higher price.
It has already secured the go-ahead from key jurisdictions,
including the European Union, Brazil and Russia. Apart from the United States,
it still needs clearance in Canada and Mexico.
In a separate statement, Bayer said on Tuesday said the
European Commission had approved BASF as a suitable buyer of the businesses to
be divested.
German seed seller KWS Saat (KWSG.DE), which had made an
eleventh-hour bid for Bayer’s vegetable seed business, said on Wednesday it
accepted the Commission’s decision.
Bayer last week said synergies from folding Monsanto into
its organization would be about $300 million below its previous target because
it will have to sell more businesses than initially expected.
Additional reporting by Patricia Weiss; Editing by Mark
Potter, Dan Grebler and David Evans
Our Standards:The Thomson Reuters Trust Principles.
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