Bayer/Utilfertil Brazilian deal gets green light
The Brazilian competition authorities have approved a deal between Bayer CropScience and Canadian fertiliser company Agrium’s Brazilian subsidiary, Utilfertil (Uberaba). The companies agreed a deal in December 2014 for the latter to distribute Bayer products across Brazil. The ten-year agreement covers pesticides for use on various crops including cotton, maize, soybeans, and wheat as well as rice, coffee, and horticultural sectors. The deal includes an extension clause. The Brazilian economic defence administrative council, the Cade, concluded that the market share of the subsidiary did not give rise to concerns about “horizontal overlap”. The Cade states: “The activities of Utilfertil barely alter the share already held by Bayer.” The findings were issued in the official gazette on April 14th.