Germany: Monsanto Takeover Process BASF Acquires Additional Seeds and Crop Protection Businesses from Bayer
In addition to the agreement signed in October 2017, BASF has signed an agreement to purchase further businesses and assets, which Bayer offered to divest in the context of its planned acquisition of Monsanto. The all-cash purchase price for the combined acquisition is $ 9.2 billion.
Ludwigshafen/Germany — The expanded scope acquired by BASF includes Bayer’s entire vegetable seeds business, operating under the global trademark Nunhems, several seed treatment brands, the R&D platform for hybrid wheat, and the complete digital farming platform Xarvio.
The transaction also includes Bayer’s oilseed rape business in Australia; certain glyphosate-based herbicides in Europe, used predominantly for industrial applications; the canola-quality juncea research and certain non-selective herbicide and nematicide research projects.
The all-cash purchase price for the additional businesses and assets BASF agreed to acquire is approx. $ 2.1 billion, subject to certain adjustments at closing. For the full year 2017, sales of these businesses amounted to around $ 905 million.
This purchase is in addition to the agreement signed on October 13, 2017, which entails the acquisition of Bayer’s global glufosinate-ammonium non-selective herbicide business; seeds businesses for key row crops in select markets and trait research and breeding capabilities for these crops along with the Liberty Link trait and trademark. These businesses generated sales of $ 1.8 billion in 2017. The all-cash purchase price for this prior transaction is $ 7.16 billion, subject to certain adjustments at closing.
All transactions remain subject to the closing of Bayer’s acquisition of Monsanto, expected in the second quarter of 2018.