CCI Approves Conditional Acquisition Of Monsanto By Bayer

The Competition Commission of India (CCI) is an administrative or regulatory body formed under the Competition Act 2002 (as amended vide Competition (Amendment) Act 2007, and hereinafter referred to as the 'Act"). The objective of the Act is to prohibit anti-competitive agreements, abuse of dominant position by enterprises, and to regulate combinations/merger & acquisition of enterprises likely to cause an appreciable adverse effect on market competition in the country.

On August 7, 2017, the Competition Commission of India (Commission) received a notice from Bayer Aktiengesellschaft (Bayer) in relation to its proposed acquisition of Monsanto Company (Monsanto). Bayer, the acquirer, is a German stock corporation and is a life sciences company with competencies in areas of healthcare and agriculture. The activities of Bayer are carried out in three main portfolios viz. pharmaceuticals, consumer health, and crop sciences. Monsanto is a global supplier of agricultural