Bayer CEO Werner Baumann, left, and CFO Johannes Dietsch present the annual report during the company’s annual results news conference in Leverkusen. AFP / Patrik STOLLARZ
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German drug and crop chemicals maker Bayer is set to win conditional European Union antitrust approval for its $62.5 billion bid for world No. 1 seed company Monsanto, two people familiar with the matter said Wednesday.Bayer already pledged to sell certain seed and herbicide assets for 5.9 billion euros ($7.2 billion) to BASF to address EU regulatory concerns.Earlier Wednesday, Bayer said additional antitrust concessions would include the sale of its vegetable seeds business.French seeds producer Vilmorin said it would consider taking over some vegetable seed activities put up for sale by Bayer.
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