Bayer Says Russia Has Now Cleared Their Takeover of Monsanto

Russian antitrust agency FAS has now given a green light to the Bayer purchase of Monsanto, Bayer has announced. "Bayer has agreed to enable the transfer of defined technologies to Russian recipients in the area of seeds breeding and digital farming for a period of five years," the company said in a statement.Bayer will share some of its genetic expertise on corn, wheat rapeseed, soybean and vegetable seeds, Bayer said, along with giving "non-discriminatory" access to digital farming technologies once they were available in Russia. The firm has already gained approval from the European Union (EU) and reports have indicated there has been an agreement in principle reached with the U.S. Department of Justice for the deal to go through.