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In December 2016 Monsanto shareholders voted in favour of the sale of the company to Bayer for US$66 billion, making it the largest-ever foreign corporate takeover by a German company. The deal requires approval from about 30 regulatory agencies around the world.
In this briefing, we deal with the Pioneer/Pannar seed merger, outlining the evidence led by the ACB in opposing the merger, what is at stake for South Africa if the merger is approved and the extent to which the merger will deepen structural imbalances in the South African economy.
Johannesburg, Cape Town, and Durban Monday 16th May 2011 Several groups in South Africa, including the African Centre for Biosafety (ACB), the Surplus People Project (SPP), Trust for Community Outreach (TCOE), the Food Sovereignty Campaign and Biowatch South Africa submitted a detailed report to the Competition