CADE approves sale of vegetable seeds business from Bayer to Basf

The Administrative Council for economic Defense (Cade) approved, without restrictions, the acquisition by German Basf vegetable business of Bayer, to evaluate the operation doesn't bring concerns about competition, according to published in the Daily Dispatch Union official Monday. The sale was one of the conditions imposed by antitrust authorities in the European Union and the United States to approve the purchase of u.s.-based Monsanto by the German Bayer. Although Basf acts in seed treatment market in Brazil, mainly fungicides, seed treatment products are applied mainly in grains and cereals, while Bayer's business in Brazil involves vegetable. "That way, there will be no coincidence or relationship between the products for seed treatment from Basf and seeds business desinvestido parts of seeds of vegetables," said the Superitendência General of Cade in your opinion.