CCI clears Bayer's deal for Monsanto

Competition Commission of India (CCI) has approved the acquisition of U.S. seed major Monsanto Co by Bayer AG, in a decision that moves the $62.5 billion deal a step closer to the finish line. German conglomerate Bayer is preparing to close the takeover this quarter, giving it control of more than 25 percent of the world`s seed and pesticides market. 

CCI clears Bayer's deal for Monsanto
Both Bayer and Monsanto had subsidiaries in India, making it mandatory for them to receive clearance from the CCI. Image source: Reuters

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