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BUSINESS & TECH

Quick Take: China Gives Partial Green Light to Bayer-Monsanto Deal

Photo: IC
Photo: IC

German chemicals giant Bayer AG has obtained conditional approval from China's Commerce Ministry to acquire Monsanto Co., clearing one of its major international regulatory hurdles for the $66 billion deal to materialize.

The antitrust review, which began in December 2016, concluded that Bayer must spin off some businesses globally, including those of vegetable seeds, soybean, potatoes and cotton, among other assets, the ministry said in a statement on its website Tuesday.

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