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BASF TO BUY PARTS OF BAYER’S SEED AND HERBICIDE BUSINESSES

on November 4 | in Ag News | by | with No Comments

From a news release

BASF has signed an agreement to acquire significant parts of Bayer’s seed and non-selective herbicide businesses. Bayer intends to divest these assets in the context of its planned acquisition of Monsanto.

The all-cash purchase price is €5.9 billion ($8.7 billion Canadian), subject to certain adjustments at closing.

The assets to be acquired include Bayer’s global glufosinate-ammonium non-selective herbicide business, commercialized under the Liberty, Basta and Finale brands, as well as its seed businesses for key row crops in select markets: canola hybrids in North America under the InVigor brand using the LibertyLink trait technology, oilseed rape mainly in European markets, cotton in the Americas and Europe as well as soybean in the Americas.

The transaction also includes Bayer’s trait research and breeding capabilities for these crops and the LibertyLink trait and trademark.

More than 1,800 commercial, R&D, breeding and production personnel shall transfer from Bayer to BASF. These employees are primarily located in the United States, Germany, Brazil, Canada and Belgium.

In addition, BASF will acquire the manufacturing sites for glufosinate-ammonium production and formulation in Germany, the United States, and Canada, seed breeding facilities in the Americas and Europe as well as trait research facilities in the United States and Europe.

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