Bayer account to complete the redemption of Monsanto Thursday


© Reuters. BAYER ACCOUNT TO COMPLETE THE REDEMPTION OF MONSANTO THURSDAY

BERLIN (Reuters) – Bayer (DE:BAYGN) account closing Thursday the repurchase of 62.5 billion (54,11 billion euros) of the u.s. specialist of the seeds Monsanto (NYSE:MY), according to the Sunday edition of the German newspaper Frankfurter Allgemeine Zeitung.

A spokesman for Bayer declined to comment.

The German chemical company, has received on Tuesday the approval of us authorities to buy back Monsanto on the condition that he assigns to about nine billion dollars of assets, conditions that, according to a source, “overlap closely those” that have been claimed by the european Union.

Bayer has stated that it will, with very soon the operation, what he needs to do before the 14 June, the date to which Monsanto may terminate the agreement.

(Emma Thomasson, Juliette Rouillon for the French service)

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