BASF is in exclusive talks to acquire Bayerâ€™s entire vegetable seeds business, operating under the global trademark Nunhems. Bayer intends to divest this business in the context of its planned acquisition of Monsanto. Definitive agreements have not been concluded. With this transaction, BASF targets to enhance its future seed platform and the market position of its Agricultural Solutions business.
On October 13, 2017, BASF signed an agreement to acquire significant parts of Bayerâ€™s seed and non-selective herbicide businesses. The all-cash purchase price is â‚¬5.9 billion, subject to certain adjustments at closing.
The assets to be acquired include Bayerâ€™s global glufosinate-ammonium non-selective herbicide business as well as its seed businesses for key row crops in select markets: canola hybrids in North America under the InVigorÂ brand using the LibertyLinkÂ 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 Bayerâ€™s trait research and breeding capabilities for these crops and the LibertyLinkÂ trait and trademark. This acquisition complements BASFâ€™s crop protection business and marks its entry into the seed business with proprietary assets in key agricultural markets.