Bayer (OTCPK:BAYRY) agrees to sell significant parts of its crop science business to rival BASF (OTCQX:BASFY) for €5.9B ($6.98B), which it says will partially finance its planned acquisition of Monsanto (NYSE:MON).
"We are taking an active approach to address potential regulatory concerns, with the goal of facilitating a successful close of the Monsanto transaction", said Werner Baumann, Bayer's chief executive and chairman of the board of management. Bayer said that it agreed to the deal in light of its planned acquisition of Monsanto Co.
The 5.9-billion-euro ($7 billion) deal includes Bayer's glufosinate ammonium herbicide business, "essentially all" of its crop seeds units, and related research and development activities, the company said in a statement.Читайте также: Pourquoi il pose problème à l'Assemblée nationale — Drapeau européen
This includes 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, BASF said.
Under the deal, BASF will acquire Bayer's manufacturing sites for glufosinate-ammonium production and formulation in Germany, the USA and Canada, its seed-breeding facilities in the Americas and Europe and its trait-research facilities in the Americas and Europe. These employees are primarily located in the US, Germany, Brazil, Canada and Belgium, the company said.
The acquisition complements BASF's crop protection business, strengthens its herbicide portfolio and marks its entry into the seed business with proprietary assets in key agricultural markets.При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
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