Sputnik
The pharmaceutical giant purchased the weed killer producer for $63 billion in 2018 and recently announced the move after an internal probe into the allegations made by the outlet Le Monde, which has reportedly resulted in a preliminary investigation by French authorities.
Bayer has addressed the concerns raised over the practices of its subsidiary Monsanto in a statement.
“This is not the way Bayer seeks dialogue with society and stakeholders. We apologise for this behavior”, the company stated, noting, however, that there was nothing illicit about the way Monsanto compiled such lists.
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The German giant
acquired the US agrochemical firm in 2018 and inherited numerous
problems, including lawsuits over the probable toxic effect of its weed
killer Roundup. After shedding more than 30 billion euros from its
market capitalisation, Bayer has had to deal with an investigation in
France about data being collected on Monsanto’s critics.
German-based Bayer is commissioning an external law firm to investigate claims about its
US agrochemical firm, Monsanto, assembling lists of influential
journalists and lawmakers, criticising or making complaints about the
company. The pharmaceutical giant purchased the weed killer producer for $63 billion in 2018 and recently announced the move after an internal probe into the allegations made by the outlet Le Monde, which has reportedly resulted in a preliminary investigation by French authorities.
Bayer has addressed the concerns raised over the practices of its subsidiary Monsanto in a statement.
“This is not the way Bayer seeks dialogue with society and stakeholders. We apologise for this behavior”, the company stated, noting, however, that there was nothing illicit about the way Monsanto compiled such lists.
Read more
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