Monsanto and Bayer are waiting for support from manufacturers of soybean

08.12.2016

On Wednesday, chief technical Director of Monsanto, Robb Frali and Board member of Bayer AG, Liam Condon met with more than 200 soybean producers to enlist their support as part of the merger, writes agweb.com

Association of producers of soy (USB) and the American Association of producers of soy (ASA) were invited to the companies ' representatives were able to tell them about all the positive aspects of the transaction.

"I'm here to ask for your support", said Robb Frali.

According to him, the merger will allow them to become the world's largest producer of seeds and plant protection products. According to estimates of the Farm Journal, the company will occupy a significant market share of soybean seeds (30%) and maize (37%) and to own 70% interest of the cotton market (according to the expectations of the USDA). The company believes that total sales may reach 23 billion euros.

It is known that the amount of the transaction amounted to $66 billion.


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