The Head of Bayer AG’s CropScience unit told Bloomberg this week, a potential merger of Monsanto and Syngenta would prompt an industry review.
Liam Condon said “there’s only six research and development based players in this industry so if the two biggest were to go together, inevitably it would force others to review their strategies.”
He declined to comment to Bloomberg on what Bayer would do if the two rivals combined.
Bayer would be a candidate to buy Syngenta’s seed business, which Monsanto would need to sell for antitrust reasons.
Monsanto already pitched the idea to Bayer last year, according to the report.
Condon did say Bayer has a “clear” view on how to respond in the event Monsanto proceeds with its takeover plan.
