Frankfurt, Germany – According to company officials, the integration of Monsanto into the Bayer Group can now begin. The antitrust-related sale of assets has been completed, as of Thursday, August 16th. U.S. Department of Justice required Bayer and Monsanto to remain separate companies and operate separately until completion of these divestments to BASF.
Bayer already closed the deal, becoming the sole owner of Monsanto, on June 7.
“The integration of Monsanto into the Bayer Group can begin following the completion on Thursday of the divestment by Bayer to BASF of certain Crop Science businesses with a total sales volume of around 2.2 billion euros,” it said in a statement.
The now fully completed acquisition of Monsanto gives rise to a leading agriculture company with a high level of innovative strength, a strong product portfolio and the highest ethical standards, the press release stated.
Bayer expects that the acquisition will make a positive contribution to core earnings per share starting in 2019, with a double-digit percentage from 2021 onward.
Many Franklin County and Caribou County residents work at the corporations Soda Springs plant.