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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. The deal requires approval from about 30 regulatory agencies around the world.
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.
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.
In this briefing, we deal with the Pioneer/Pannar seed merger, outlining the evidence led by the ACB in opposing the merger, what is at stake for South Africa if the merger is approved and the extent to which the merger will deepen structural imbalances in the South African economy.
Media Advisory from the African Centre for Biosafety Johannesburg, 8th December 2010.