KWS Saat SE, one of the world’s leading plant breeding companies has issued a non-binding offer to Bayer AG for its global vegetable seed business, operating under the global trademark Nunhem.
KWS is thus renewing a non-binding bid it made in January 2018 and is offering Bayer and its shareholders' attractive terms and conditions for the sale of the vegetable seed business. In order to complete the transaction with Monsanto, Bayer AG had assured the antitrust authorities that it would sell crop science businesses, including its vegetable seed business.
If Nunhems were acquired by KWS, the agricultural sector, farmers and consumers alike would benefit from the sale to an independent seed company without an agrochemicals division.
KWS Saat SE, one of the world’s leading plant breeding companies has issued a non-binding offer to Bayer AG for its global vegetable seed business, operating under the global trademark Nunhem.
KWS is thus renewing a non-binding bid it made in January 2018 and is offering Bayer and its shareholders' attractive terms and conditions for the sale of the vegetable seed business. In order to complete the transaction with Monsanto, Bayer AG had assured the antitrust authorities that it would sell crop science businesses, including its vegetable seed business.
If Nunhems were acquired by KWS, the agricultural sector, farmers and consumers alike would benefit from the sale to an independent seed company without an agrochemicals division.
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