Moneycontrol

Budget 2021

Associate Partners:

  • SMC
  • Samsung
  • Volvo

Moneycontrol

Budget 2021

Associate Partners:

  • SMCSamsungVolvo
Webinar :Join an expert panel for a webinar on Smart investments for a secure retirement January 28, 2021. Register now!
you are here: HomeNewsBusiness

BASF SE in talks to acquire Bayer's vegetable seed biz

"The definitive agreement has not been concluded, however, with this acquisition, BASF targets to enhance its future seed platform and the market position of its agricultural solutions business," the company said in a BSE filing.

March 08, 2018 / 01:40 PM IST

Chemicals firm BASF today said its Germany-based parent BASF SE is in exclusive talks to acquire Bayer's entire vegetable seed business.

Bayer intends to divest this business in context of its planned acquisition of Monsanto, it said.

"The definitive agreement has not been concluded, however, with this acquisition, BASF targets to enhance its future seed platform and the market position of its agricultural solutions business," the company said in a BSE filing.

In October last year, BASF SE had signed an agreement to acquire significant parts of Bayer's seed and non-selective herbicide business for USD 5.9 billion.
PTI
first published: Mar 8, 2018 01:36 pm

stay updated

Get Daily News on your Browser
Sections