This briefing deals with the three mega mergers taking place in the agriculture sector as Dow Chemical and DuPont are set to merge, China National Chemical Corporation (ChemChina) is to acquire Syngenta and Bayer is to acquire Monsanto.
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This submission is made by the ABC because of serious public interest concerns about the proposed merger between Bayer and Monsanto. This merger is occurring in the context of other related mergers in agricultural input supply, between ChemChina-Syngenta and Dow-Du Pont.
In December 2016 Monsanto shareholders voted in favour of the sale of the company to Bayer for US$66 billion, making it the largest-ever foreign corporate takeover by a German company. Both Bayer and Monsanto are major global manufacturers of agrochemicals and seeds, including genetically modified seed.