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  Consequences of the Monsanto takeover: Bayer sells seed and plant protection business to BASF – Economy | Bit Updates
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Consequences of the Monsanto takeover: Bayer sells seed and plant protection business to BASF – Economy

Friday, October 13th, 2017 | bitcoin updates


The pharmaceutical and chemical group Bayer intends to sell large parts of its business with seeds and weed killers to the rival BASF as part of the Monsanto acquisition. A corresponding agreement had been signed, both companies announced on Friday. The purchase price was € 5.9 billion in cash and could be adjusted. The deal with BASF is the successful conclusion of Bayer's global weed-eraser business with the active ingredient glufosinate ammonium, the seed business for field crops in individual markets and other parts. These areas came to around 1.3 billion euros in 2016, the operating profit was about 385 million euros. Sales are expected to close in the first quarter of 2018. (AP)

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