BASF and Syngenta have started the bidding process for Bayer’s ag assets that need to be divested as part of their pending merger with Monsanto.
Assets include canola, cottonseed, LibertyLink traits and glufosinate herbicides which are valued between $2.5 and 3 billion.
Bloomberg reports the company also plans to sell its garlic and pepper seed business which could be part of the package or sold separately.
This is BASF’s first move in the midst of ag mergers.
Continue reading BASF and Syngenta want Bayer assets at Brownfield Ag News.
Copyright © 2024 Indiana Farm Bureau®, Inc. is a member of the American Farm Bureau Federation®, a national organization of farmers and ranchers including Farm Bureau® organizations in 49 other states and Puerto Rico, and is responsible for Farm Bureau membership and programs within the State of Indiana.