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  • 2 years ago
Bayer to buy Monsanto in record deal

Bayer to buy Monsanto in record deal

It’s a deal that would create the world’s biggest seeds and pesticides company, with enormous power over the world’s food supply. German chemicals giant Bayer is paying a record $66bn dollars for Monsanto, the controversial biotech company largely known for developing genetically modified seeds for crops. Though such products are widely used in the US, plans to introduce them into Europe have previously prompted fierce protest from environmental activists. They’re not the only ones who might be opposed to the deal – farming groups and anti-competition regulators are likely to voice concerns. We look at whether the deal will happen and why Bayer is so keen to bet the farm on the GM agriculture sector.

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