Bayer sells more as­sets to BASF

Chemical Industry Digest - - News & Views -

Bayer AG said it had agreed to sell more crop sci­ence busi­nesses to BASF in a deal that ful­fils un­der­tak­ings to the Euro­pean Union and other reg­u­la­tors as part of its takeover of Mon­santo Co.

The pack­age, be­ing sold for up to 1.7 bil­lion eu­ros ($2.1 bil­lion), in­cludes its global veg­etable seeds busi­ness, cer­tain seed treat­ments and dig­i­tal farm­ing ac­tiv­i­ties with to­tal sales of 745 mil­lion eu­ros in 2017.

The trans­ac­tion, if it closes as seems likely, will cre­ate a com­pany com­mand­ing more than a quar­ter of the com­bined world mar­ket for seeds and pes­ti­cides in the fast-con­sol­i­dat­ing farm sup­plies in­dus­try.

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