CCI red flags Bayer's acquisition of Monsanto

摘要

The Competition Commission of India (CCI) has assessed that the proposed buyout of Monsanto by Bayer AG will hit operations of competing entities. "The Commission is of the prima facie opinion that the proposed combination (buyout of Monsanto by Bayer) is likely to have an appreciable adverse effect on competition and, accordingly, has directed Bayer, in terms of Section 29(2) of the Competition Act, 2002, to publish details of the combination for bringing the combination to the knowledge or information of the public and persons affected or likely to be affected by such combination," CCI said in a statement.