Bayer confirmed on 22 August that the European Commission has initiated a Phase II investigation of the proposed combination of Bayer and Monsanto.
The company had expected further review of the proposed acquisition of Monsanto due to the size and scope of the transaction. Bayer believes that the proposed combination will be highly beneficial for farmers and consumers, and will continue to work closely and constructively with the European Commission in its investigation.
The companies notified the transaction to the European Commission on June 30, 2017, and submitted commitments on July 31, 2017.
Bayer looks forward to continuing to work constructively with the Commission with a view to obtaining the Commission’s approval of the transaction by the end of this year.
