Bayer says suing Russian antitrust watchdog in Monsanto case
Reuters
Published Feb 13, 2018 10:20AM ET
Bayer says suing Russian antitrust watchdog in Monsanto case
FRANKFURT (Reuters) - Bayer (DE:BAYGn) said on Tuesday it has filed a lawsuit against the Russian antitrust regulator over how it has handled its investigation in the German group's planned takeover of U.S. seed company Monsanto (N:MON), even though the watchdog has yet to issue a ruling.
"The parties are in dialogue but the agreement has not been reached yet. Bayer made a decision to bring the case to court in order to safeguard its juridical rights," Bayer said in a written statement.
"This is a procedural step that will not prevent the parties from the opportunity of negotiations in regard of achieving mutually beneficial agreement to support innovative development of Russian agricultural industry," it added.
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Written By: Reuters
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