CCI approves $66 bn Bayer-Monsanto merger, but with host of riders

Monsanto will have to sell its 26% stake in Mahyco, merged entity will have to maintain non-exclusive distribution channels and a policy of broad-based non-exclusive licensing of GM and non-GM traits

The Competition Commission of India (CCI) has approved the mega merger of Bayer AG with Monsanto, albeit with certain conditions.

CCI's approval of the $66 billion deal, proposed in September 2016, will make the merged entity the world's largest seed and pesticide player. But for that to happen, Monsanto Holdings Pvt Ltd will have to sell its 26 per cent holding in Mahyco Monsanto Biotech India Ltd.

According to a statement from Bayer, CCI has also stipulated that "the merged entity will have to maintain non-exclusive distribution channels and a policy of broad-based non-exclusive licensing of GM and