Bayer

IG Farben was the most powerful German corporate cartel in the first half of the 20th century and the single largest profiteer from the Second World War. IG (Interessengemeinschaft) stands for “Association of Common Interests”: IG Farben included BASF, Bayer, Hoechst, and other German chemical and pharmaceutical companies.

In September 2016 it was announced that German chemical & pharmaceutical giant Bayer agreed to buy US seeds and pesticides corporation Monsanto in a $66 billion takeover deal. If the sides finalize the agreement (which is to be signed by the end of 2017) and regulatory authorities in USA and EU approve it, it will create a «transatlantic monster», the likes of which the world has never seen before. The new company will to a great extent dictate to the whole world what to eat, what medicine to take and how to run agriculture.

Two giants of the farming and chemical industries agreed to merge Wednesday in a $66 billion deal: the U.S.’s Monsanto and Germany’s Bayer, the original maker of aspirin. It’s the year’s biggest deal and will create the world’s largest supplier of seeds and farm chemicals, with $26 billion in combined annual revenue from agriculture. If the merger goes through, it

"This new mega corporation would be the world's biggest seed maker and pesticide company, defying important antitrust protections and giving it unacceptable control over critical aspects of our food supply—undermining consumer choice and the freedom and stability of farmers worldwide," said Anne Isakowitsch, head of international corporate watchdog SumOfUs.

By Peter Koenig Is it coincidence that Berlin approves and even recommends the ‘hostile’ takeover of Monsanto by the German agro-and pharma giant, Bayer? –...