German chemicals firm Bayer said on Monday it would not introduce genetically modified crops in Europe after its gigantic takeover of US seed and pesticide producer Monsanto.
"We aren't taking over Monsanto to establish GM plants in Europe," chief executive Werner Baumann told the Süddeutsche Zeitung newspaper.
"Some people think it might be easier for us than for Monsanto, given the reputation we enjoy," Baumann said, "but that's not our plan".
"If politics and society in Europe don't want genetically modified seeds, then we accept that, even if we disagree on the substance," he went on.
Aspirin-maker Bayer's planned €58.8 billion ($65.7 billion) takeover of the US firm is the biggest ever by a German company. Full story...
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"We aren't taking over Monsanto to establish GM plants in Europe," chief executive Werner Baumann told the Süddeutsche Zeitung newspaper.
"Some people think it might be easier for us than for Monsanto, given the reputation we enjoy," Baumann said, "but that's not our plan".
"If politics and society in Europe don't want genetically modified seeds, then we accept that, even if we disagree on the substance," he went on.
Aspirin-maker Bayer's planned €58.8 billion ($65.7 billion) takeover of the US firm is the biggest ever by a German company. Full story...
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