The American "Monsanto" took up the Russian agricultural industry
The German pharmaceutical company Bayer sued the Federal Antimonopoly Service of Russia. The lawsuit will be considered by the Moscow Arbitration Court. The reason for the dispute is dissatisfaction with the actions of the FAS, which opposes the merger of Bayer with the American agricultural company Monsanto. Recall that Bayer acquires a 100% stake in Monsanto for $ 66 billion.
The company is trying to recognize the actions of the FAS as illegal, and the antimonopoly service, in turn, argues that they are acting for the good of Russia and the Russian agricultural industry. If Bayer finally includes Monsanto in its structure, then serious risks will arise for the country's agriculture, which simply cannot withstand competition with such a powerful giant.
The merger will inevitably affect the Russian seed market, agrochemical market. Therefore, the FAS demanded that Bayer provide information on breeding technologies that can be applied in Russian agriculture. In addition, a German company must provide access to digital farming databases. In Bayer, for obvious reasons, this step is not taken.
The company is trying to recognize the actions of the FAS as illegal, and the antimonopoly service, in turn, argues that they are acting for the good of Russia and the Russian agricultural industry. If Bayer finally includes Monsanto in its structure, then serious risks will arise for the country's agriculture, which simply cannot withstand competition with such a powerful giant.
The merger will inevitably affect the Russian seed market, agrochemical market. Therefore, the FAS demanded that Bayer provide information on breeding technologies that can be applied in Russian agriculture. In addition, a German company must provide access to digital farming databases. In Bayer, for obvious reasons, this step is not taken.
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