Bayer hires external law firm to probe Monsanto stakeholder file issue

US seed maker is alleged to have compiled a list of 200 names in the hope of influencing their positions on pesticidesFrankfurt — Bayer said on Sunday it was hiring an external law firm to investigate French media complaints that Monsanto, the US seed maker it took over in 2018, had compiled a file of influential personalities.

“This is not the way Bayer seeks dialogue with society and stakeholders. We apologise for this behaviour,” Bayer said. It added, however, that there was no indication that compiling the lists was illegal. Bayer shares have shed more than 40% since a first adverse US judgment on Roundup last August, leaving the company with a market capitalisation smaller than the price it paid for Monsanto.

Matthias Berninger, Bayer’s new head of public and government affairs, would evaluate the matter internally and assess the behaviour of people involved, both inside and outside the company.

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