BASF to enter the seed business; acquired Bayer’s seed business for €5.9 Bn

Germany based Chemical Group BASF has announced the acquisition of significant part of Bayer’s seed business, thus marking its entry into seed business. The deal is one of the biggest acquisitions by BASF in its 152-year history and is signed for €5.9 Bn in all cash purchase. Bayer’s deal to acquire Monsanto will make it the world’s biggest supplier of seeds and crop sprays to farmers. The acquired assets in the deal include Bayer’s global glufosinate-ammonium non-selective herbicide business under the brands  Liberty®, Basta® and Finale®, as well as its seed businesses for key row crops in specified markets: In North America, canola hybrids under InVigor® the brand. The acquisition will also bring Bayer’s trait research and breeding capabilities for these crops and the LibertyLink® trait and trademark to BASF. For More Detailed Analysis on this coverage contact our Industry Analysts at sales@bizwitresearch.com



Loading…