November 9, 2017 / 7:54 AM / in a year

BRIEF-Russian watchdog says Bayer-Monsanto deal poses risks to competition

Nov 9 (Reuters) - Russia’s Federal Anti-Monopoly Service (FAS) says:

* Bayer’s planned takeover of U.S. seed maker Monsanto could create significant risks to competition on the Russian market;

* The deal is likely to result in the bigger company sharply strengthening its position on the Russian market and becoming dominant, which will create high entry barriers for other companies;

* The proposed solutions include Bayer sharing breeding technologies and giving access to digital farming data;

* FAS has pushed back the deadline for the deal review by three months. Source link: Further company coverage: (Reporting by Moscow Newsroom)

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