Bayer to start integration of Monsanto

FRANKFURT (Reuters) – Bayer can begin folding Monsanto into its organization as the antitrust-related sale of assets has been completed, fulfilling final requirements by the US Department of Justice, the German drugmaker said on Thursday.

“The integration of Monsanto into the Bayer Group can begin following the completion on Thursday of the divestment by Bayer to BASF of certain Crop Science busi- nesses with a total sales volume of around 2.2 billion euros,” it said in a statement.

Bayer already closed the deal, becoming the sole owner of Monsanto, on June 7 but had to hold off on the integration.

“The integration of Monsanto into the Bayer Group can begin following the completion on Thursday of the divestment by Bayer to BASF of certain Crop Science businesses with a total sales volume of around 2.2 billion euros,” it said in a statement.