Bayer to sell vegetable seeds business
- Press release
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Bayer in exclusive talks to sell vegetable seeds business to BASF
According to Reuters, Germany-based BAYER entered exclusive talks with BASF regarding the sale of its NUNHEMS vegetable seeds unit. The deal would address antitrust regulator's concerns over Bayer's planned merger with MONSANTO.
Reuters reported last week that BASF was in advanced talks to buy the vegetable seeds business for roughly 1.5 billion euros (USD 1.85 billion) including assumed debt, citing two people familiar with the matter.