Bayer sells crop science units to ease Monsanto takeover

Cornelia Mascio
Ottobre 13, 2017

BASF India has received information from its parent Company, BASF SE, Germany that it has signed an agreement to acquire significant parts of Bayer's seed and non-selective herbicide businesses which are being divested by Bayer in the context of its planned acquisition of Monsanto. Bayer said that it agreed to the deal in light of its planned acquisition of Monsanto Co.

"We are taking an active approach to address potential regulatory concerns, with the goal of facilitating a successful close of the Monsanto transaction", said Werner Baumann, Bayer's chief executive and chairman of the board of management.

The assets to be acquired include Bayer herbicides marketed under the Liberty, Basta and Finale brands, and seed businesses in select markets, including canola hybrids in North America, oilseed rape mainly in Europe, cotton in the Americas and Europe as well as soybean in the Americas, Ludwigshafen, Germany-based BASF said in a statement Friday.

More than 1,800 employees are affected by the move, with BASF agreeing to guarantee their jobs for three years after the deal is inked.

The transaction also includes Bayer's trait research and breeding capabilities for these crops and the LibertyLink trait and trademark, the company said.

"Furthermore, BASF will acquire the manufacturing sites for glufosinate-ammonium production and formulation in Germany, the U.S., and Canada, seed breeding facilities in the Americas and Europe as well as trait research facilities in the United States and Europe", it added.

BASF, the world's third-largest maker of crop chemicals, will buy selected crop science businesses that generated net sales of €1.3bn in 2016.

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