Adama

Israeli company Adama has completed the acquisition of Greek firm Alfa Agricultural Supplies SA. Adama bought out the remaining 51% stake in Alfa for an undisclosed amount, taking its holding in the local company to 100%. This practically means Alfa has passed into the hands of the Chinese company that controls the Israeli enterprise.

The European Commission has launched an “in-depth” investigation into the proposed merger of global agriculture giants Monsanto and Bayer, amid concerns that it may create too high a concentration and disrupt competition in the areas of pesticides and seeds.