SAO PAULO, Oct 4 (Reuters) - A unit of Brazil's competition regulator Cade said the $66 billion takeover of Monsanto Co. by German life sciences firm Bayer AG could be detrimental to competition, a document released on the agency's website shows.
The Bayer-Monsanto transaction, announced in September 2016, would create the world's largest integrated pesticides and seeds company.
The Cade unit said that anticipated efficiencies stemming from the merger were insufficient to mitigate its competition concerns.
It recommended what it termed as "structural solutions" as a condition for final approval the deal, which will be in the hands of Cade's seven-member tribunal.
The Cade unit said it had not engaged in an in-depth discussion with Bayer and Monsanto related to its suggested "remedies."
In an emailed statement to Reuters, Bayer said the unit's opinion is non-binding and does not mean the transaction will be blocked. (Reporting by Ana Mano; editing by Alexander Smith and W Simon)