Bayer offers up vegetable seeds business
February 16, 2018 By Foo Yun Chee & Patricia Weiss Reuters
Bayer plans to sell its global vegetable seeds business and allow BASF exclusive access to its digital farming data in an effort to address EU antitrust concerns over its $63.5 billion purchase of Monsanto.
The German drug and crop chemicals maker submitted its offer last week after the European Commission said the deal could reduce competition in pesticides, seeds and plant traits such as herbicide tolerance and insect resistance.
Bayer’s vegetable seeds business, which operates under the brand Nunhems, has more than 1,200 seed varieties in 25 vegetables crops. | READ MORE
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