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Competition watchdog approves Bayer-Monsanto marriage with conditions

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Cape Town – The Competition Commission has approved, with conditions, a merger in which chemicals and pharmaceuticals company Bayer intends to acquire Monsanto. 

In a statement issued on Sunday, the Commission said it identified competition concerns in the market for the supply of genetically modified (GM) cotton seeds as it is a merger to monopoly in South Africa. 

Bayer operates in the crop protection business in South Africa and sells fungicides, insecticides, herbicides and seed treatment products among others. 

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