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Germany: Hundreds rally against Monsanto-Bayer mega-merger in Berlin02:17

Germany: Hundreds rally against Monsanto-Bayer mega-merger in Berlin

Germany, Berlin
April 29, 2017 at 18:06 GMT -00:00 · Published

Around 400 activists protested against the merger of German pharmaceutical company Bayer AG with American agro-chemicals giant Monsanto, in Berlin, Saturday.

The protest organiser, Jeremy Oestrich, said the Monsanto-Bayer deal would increase pesticide sales which contradicted the idea of sustainable agriculture. "Monsanto and Bayer together would have 30 percent of the world’s seed market and 25 percent of the world’s pesticide market. Only in this you see a conflict," he said, before adding that "we can’t give these companies more and more power so that they are achieving their goals and that is selling pesticides."

Bayer AG and Monsanto agreed to a $66 billion (€59 billion) takeover deal in 2016, an agreement that would create one of the world's largest agrochemicals businesses.

Germany: Hundreds rally against Monsanto-Bayer mega-merger in Berlin02:17
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Around 400 activists protested against the merger of German pharmaceutical company Bayer AG with American agro-chemicals giant Monsanto, in Berlin, Saturday.

The protest organiser, Jeremy Oestrich, said the Monsanto-Bayer deal would increase pesticide sales which contradicted the idea of sustainable agriculture. "Monsanto and Bayer together would have 30 percent of the world’s seed market and 25 percent of the world’s pesticide market. Only in this you see a conflict," he said, before adding that "we can’t give these companies more and more power so that they are achieving their goals and that is selling pesticides."

Bayer AG and Monsanto agreed to a $66 billion (€59 billion) takeover deal in 2016, an agreement that would create one of the world's largest agrochemicals businesses.

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