Friday, 22 June 2018

 

Bayer successfully completed the acquisition of Monsanto on Thursday, which means that shares in the U.S. company will no longer be traded on the New York Stock Exchange, with Bayer now the sole owner of Monsanto Company.

The integration of Monsanto into Bayer can take place as soon as the divestments to BASF have been completed. This integration process is expected to commence in approximately two months.

Werner Baumann, Chairman of the Bayer Board of Management, says: “Our sustainability targets are as important to us as our financial targets. We aim to live up to the heightened responsibility that a leadership position in agriculture entails and to deepen our dialogue with society.”

“Today’s closing represents an important milestone toward the vision of creating a leading agricultural company, supporting growers in their efforts to be more productive and sustainable for the benefit of our planet and consumers,” said Hugh Grant, outgoing chairman and CEO of Monsanto.

Liam Condon, member of the Bayer Board of Management, will lead the combined Crop Science Division when the integration commences. Until that time, Monsanto will operate independently from Bayer. 

Related articles: 

Bayer Launches New Digital Solution for European Farmers 

European Commission Approves Bayer’s Acquisition of Monsanto 

Bayer Buys Monsanto for USD66bn 



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