Food Industry News

The company Bayer buys Monsanto for $ 65 billion

German chemical company Bayer and seed producer Monsanto have agreed on a deal to buy Monsanto for $ 65 billion, the Financial Times and Reuters reported, citing sources.

The companies agreed on the deal after Bayer raised its offer to buy Monsanto to $ 128 per share. The companies also approved a commission for canceling a deal of $ 2 billion.

The merger will enable the companies to create the largest seed and pesticide producer in the world.

Monsanto is an American company founded in 1901. World leader in the production of transgenic plant seeds, developer of the continuous herbicide Roundup. The patent for this product expired in 2000. Net profit in fiscal 2015 (ended August 31, 2015) - $ 2,31 billion, revenue - $ 15 billion.Market capitalization - $ 45,8 billion.

Bayer is a German chemical and pharmaceutical company. Founded in 1863. The company's net profit in the second quarter of 2016 amounted to € 1,38 billion.Market capitalization - € 79,5 billion.

See also ... 30/06/2016 EC will study Bayer's offer to buy Monsanto 04/06/2013 Monsanto refused to promote GMOs in Europe 03/06/2013 Transgenic wheat leaks revealed in the US14/03/2016 American Monsanto may leave India Monsanto May Build a Plant in Russia 27/01/2015 Monsanto will pay the US a fine of $ 13 million 11/2014/13 Ukraine can be turned into a GMO farm 02/2014/31 Belarus enters the GMO era 10/2013/13 Transgenic potatoes will be sown in Belarus for the first time

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