For Euro 1.7 billion
BASF India announced that its parent company, BASF SE, Germany has signed an agreement to acquire the following additional businesses and assets from Bayer, which it has offered to divest in the context of its planned acquisition of Monsanto.i) Bayer's entire vegetable seeds business, operating under the global trademark Nunhems;
ii) Seed treatment products sold under Poncho, VOTiVO, COPeO and ILeVO brands;
iii) Research & Development platform for hybrid wheat; and
iv) Complete state-of-the-art digital farming platform xarvio.
The all-cash purchase price for the additional businesses and assets that BASF SE has agreed to acquire is EUR 1.7 billion, subject to certain adjustments at closing. For the full year 2017, sales of these businesses amounted to around EUR 745 million.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)