Bayer to sell part of its business due to purchase of Monsanto

The German chemical and pharmaceutical company Bayer is planning to sell its global vegetable seed business and provide exclusive access to digital agricultural data to BASF, three sources familiar with the situation said.

Bayer chose to make this move in order to address concerns of European regulators over the proposed acquisition of the American company Monsanto for USD 63.5 billion, Reuters reports.

To clarify, the European Commission had warned that the transaction might limit competition in the segment of pesticides and seeds.

In October 2017, Bayer reached an agreement with Germany’s BASF on the sale of its seed and herbicide business for EUR 5.9 billion. This vegetable seed business, carried out under the Nunhems brand, encompasses more than 1,200 seed varieties and 25 vegetable cultures.

BAYER AG Leverkuzen

Monsanto Company St. Louis

BASF SE Ludwigshafen

EUROPEAN COMMISSION Bruxelles

Bayer

Monsanto

BASF

Nunhems

European Commission

pesticides

production of pesticides

herbicides

production of herbicides

vegetable seeds

production of agricultural chemicals