CCI approves the acquisition of Monsanto by Bayer AG under Section 31(7) of the Competition Act, 2002, subject to modifications/remedies to address the anti-competitive effects resulting from the said acquisition https://www.taxtmi.com/news?id=20168 Approval under Section 31(7) was conditional on divestiture of specified Bayer businesses and Monsanto shareholding to independent entities, and on behavioural commitments by the combined entity including broad-based non-exclusive FRAND licensing of GM and non-GM traits, non-exclusive licensing of non-selective herbicides to prevent tying, access to agro-climatic data and digital farming platforms on FRAND terms with public data provision, and prohibitions on bundling and channel exclusivity to preserve competition. en-us Wed, 20 Jun 2018 18:51:05 +0530 Wed, 20 Jun 2018 18:51:05 +0530 TaxTMI RSS Generator CCI approves the acquisition of Monsanto by Bayer AG under Section 31(7) of the Competition Act, 2002, subject to modifications/remedies to address the anti-competitive effects resulting from the said acquisition https://www.taxtmi.com/news?id=20168 Approval under Section 31(7) was conditional on divestiture of specified Bayer businesses and Monsanto shareholding to independent entities, and on behavioural commitments by the combined entity including broad-based non-exclusive FRAND licensing of GM and non-GM traits, non-exclusive licensing of non-selective herbicides to prevent tying, access to agro-climatic data and digital farming platforms on FRAND terms with public data provision, and prohibitions on bundling and channel exclusivity to preserve competition. News - Wed, 20 Jun 2018 18:51:05 +0530 https://www.taxtmi.com/news?id=20168