Exclusive: EU set to approve $62.5 billion Bayer, Monsanto deal – sources

BRUSSELS (Reuters) – EU antitrust regulators are set to approve with conditions German drug and crop chemical maker Bayer’s (BAYGn.DE) $ 62.5 billion bid for world No. 1 seed company Monsanto (MON.N), two people familiar with the matter said on Wednesday.

Bayer has already pledged to sell certain seed and herbicide assets for 5.9 billion euros ($ 7.2 billion) to BASF (BASFn.DE) to address EU regulatory concerns.

Earlier on Wednesday Bayer said additional concessions to antitrust regulators would include the sale of its vegetable seeds business, confirming a Reuters report.

Reporting by Foo Yun Chee; editing by Robert-Jan Bartunek

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