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Sunday 29 April 2018

BASF buys additional €1.7 bn crop science assets from Bayer




BASF SE has agreed to acquire additional seeds and crop protection assets from Bayer AG valued at €1.7 billion, in context of Bayer’s planned acquisition of Monsanto.
The additional assets include:
  • Bayer’s entire vegetable seeds business, operating under the global trademark Nunhem,
  • seed treatment products sold under the Poncho, VOTiVO, COPeO and ILeVO brands,
  • the R&D platform for hybrid wheat and
  • the complete state-of-the-art digital farming platform xarvio.
The transaction also includes Bayer’s oilseed rape business in Australia; certain glyphosate-based herbicides in Europe, used mainly for industrial applications; the canola-quality juncea research and certain non-selective herbicide and nematicide research projects.
This acquisition is in addition to the agreement BASF and Bayer signed on October 2017, which entails the acquisition of Bayer’s global glufosinate-ammonium non-selective herbicide business; seeds businesses for key row crops in select markets and trait research and breeding capabilities for these crops along with the LibertyLink trait and trademark.

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