BASF: second seeds acquisition from Bayer
(CercleFinance.com) - BASF is to acquire additional seeds and crop protection businesses and assets from Bayer as part of the latter's planned acquisition of Monsanto, the German companies said on Friday.
In addition to the agreement signed in October 2017, the deal includes Bayer's entire vegetable seeds business, seed treatment products, the R&D platform for hybrid wheat, as well as digital farming products.
The transaction also includes Bayer's oil seed rape business in Australia; certain glyphosate-based herbicides in Europe, and certain non-selective herbicide and nematicide research projects.
The all-cash purchase price has been set at 1.7 billion euros, a "nice price" coming at a low multiple for BASF, analysts say.
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In addition to the agreement signed in October 2017, the deal includes Bayer's entire vegetable seeds business, seed treatment products, the R&D platform for hybrid wheat, as well as digital farming products.
The transaction also includes Bayer's oil seed rape business in Australia; certain glyphosate-based herbicides in Europe, and certain non-selective herbicide and nematicide research projects.
The all-cash purchase price has been set at 1.7 billion euros, a "nice price" coming at a low multiple for BASF, analysts say.
Copyright (c) 2018 CercleFinance.com. All rights reserved.