Turkish Competition Board concluded the final examination regarding the acquisition of Monsanto Company by Bayer Aktiengesellschaft

The Turkish Competition Board concluded a final examination regarding acquisition of Monsanto Company by Bayer Aktiengesellschaft. The Competition Board decided that the transaction would not be contrary to Article 7 of the Competition Act No. 4054 prohibiting mergers and acquisitions leading to creation or strengthening of dominance as a result of which competition would be lessened significantly because the commitments submitted by Bayer to the European Commission concerning vegetable seed, cotton seed, corn seed and insecticides used with corn seeds removed horizontal and vertical overlaps in the Turkish market. The press release dated 10.05.2018 about the decision of the Turkish Competition Board dated 08.05.2018 and numbered 18-14/261-126 is available via http://www.rekabet.gov.tr/tr/Guncel/monsanto-company%E2%80%99nin-tek-kontrolunun-bay-cb803c8e4f54e81180ee0050568d4f05