The U.S. Department of justice approved the merger of the German company Bayer with the American Corporation Monsanto c condition of the sale of assets of $9 billion from Bayer.
As noted in the press release, this amount was the most significant divestitures in U.S. history when examining merger and acquisitions.
Bayer will sell the assets for the production of cotton, canola (cultivar of rapeseed), soybean and vegetable seeds. Also, the company was obliged to sell the unit for the production of herbicides, part of the intellectual property assets and research and development.
Bayer announced a merger with Monsanto as part of the transaction volume of $66 billion in September 2016, the Approval of the U.S. justice Department was the last major obstacle to the deal.
Before this transaction was approved by the Federal Antimonopoly service of the Russian Federation, the European Commission and the Chinese authorities.
Protest against the deal between Bayer and Monsanto, Brussels, 2017 Photo: Stephanie Lecocq/EPA-EFE
Elections in Mexico will restart the negotiations on NAFTA
The victory of the Mexican left-wing politics, Andrea Manuel, Lopez Obrador will help to restart the negotiations on the revision of the North American free trade agreement (NAFTA, NAFTA), the chief Advisor to the President.
This opinion underscores the possibility that an agreement on the renegotiation of NAFTA will be reached before the next government of Mexico will come to power in December.
Jesus Seade, chief negotiator Lopez Obrador on the revision of the trade Pact, said in an interview that the negotiations on the revision of the 24-year-old agreement were reserved due to the uncertainty before the presidential election. After the decisive victory of Lopez Obrador talks will be accelerated, predicted Seado.
How to write “News.Economy,” Andres Manuel Lopez Obrador, the leader of the Alliance of leftist forces “Together we will make history”, won the presidential election in Mexico. The victory of de facto became known long before the polls closed in the country. Three of his competitor – Ricardo Anaya, josé Antonio Meade, and Jaime Rodriguez Calderon, has admitted defeat.
The closest rival Obrador, representative of the coalition “Forward for Mexico,” Ricardo Anaya, scored order of 22.1 to 22.8%.
General elections were held in Mexico on 1 July. They elected the President, members of Parliament, governors of several Mexican States and the mayors of several cities.
Ex-billionaire Batista got 30 years in prison
Brazilian court issued a verdict in the case of bankrupt businessman Eike Batista, and sentenced him to 30 years in prison for corruption.
As reported by the TV channel Globo, judge of the seventh criminal court of the Federal Marcelo Bretas convicted Eike Batista into 30 years imprisonment and a fine of $53 million.
Batista was found guilty of bribery in the amount of $16.6 million to the former Governor of Rio de Janeiro Sergio Cabral, who held the post from 2007 to 2014
Lawyers of the notorious Brazilian has promised to appeal the decision.
As reported by the portal “News.Economy”, at the peak of his financial power Eike Batista was the richest person in Brazil with a fortune of $30 billion, ranking the 8th place in the list of world’s billionaires by Forbes magazine. One of the reasons for the collapse of his companies became the unrealized projects for oil production in deep offshore Brazil.
Annual inflation in Venezuela exceeded 24000%
The annual rate of inflation in Venezuela in may exceeded 245000%, every day, consumer prices grow by 2.4%, said the head of the Finance Committee of the National Assembly Raphael Guzman.
“In may, hyperinflation in Venezuela made up of 110.1%, cumulative – 1995,2%, in annual terms – 24571%,” said Guzman, reports Portafolio.
The MP also stressed that at this rate, the accumulated inflation by the end of the year could exceed 300000%.
The unicameral Venezuelan Parliament is now controlled by opponents of the government headed by President Nicolas Maduro. Official data on prices in Venezuela are not published since December 2015.
At the end of may by the decree of the President of Venezuela Nicolas Maduro, the country’s intelligence agencies took control of prices in product markets. In addition, Maduro has postponed for two months the monetary reform, in which it was planned to hold a denomination.
