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.
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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