Bayer launches a cash order of $ 7 billion to finance the Monsanto deal

BERLIN (Reuters) – Bayer launched a six billion dollar ($ 7 billion) rights issue on Sunday, one of the cornerstones of the financing package for its planned $ 62.5 billion acquisition of the seed manufacturer Monsanto

FILE PHOTO: Werner Baumann, CEO of the German pharmaceutical and chemical manufacturer Bayer AG, and Werner Wenning, chairman of the supervisory board of Bayer, come together before the annual general meeting in Bonn, Germany, on the 25th May 2018. REUTERS / Wolfgang Rattay

Bayer won the US approval last week. UU For the acquisition of Monsanto, clearing a major obstacle to an agreement that will create by far the largest manufacturer of seeds and pesticides.

The cash call is less than the one initially foreseen by Bayer because Monsanto reduced its debt while the antitrust review was prolonged.

Information from Emma Thombadon. Jane Merriman edition


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