BASF signs billion-euro deal with Bayer
Once the takeover of Monsanto by the Leverkusen-based chemistry giant Bayer is finalised, there will only be three major players left on the field of agricultural chemistry. This has caused suspicion and caution from the cartel authority. Thus, to smoothen the transition Bayer has announced to sell parts of its agricultural chemistry business. BASF has since signed an agreement to acquire significant parts of Bayer’s seed and non-selective herbicide businesses for approximately €5.9 billion.