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BASF SE in talks to acquire Bayer's vegetable seed biz

Press Trust of India  |  New Delhi 

firm today said its Germany-based parent SE is in exclusive talks to acquire Bayer's entire vegetable seed

intends to divest this in context of its planned acquisition of Monsanto, it said.

"The definitive agreement has not been concluded, however, with this acquisition, targets to enhance its future seed platform and the market position of its agricultural solutions business," the company said in a BSE filing.

In October last year, had signed an agreement to acquire significant parts of Bayer's seed and non-selective herbicide for USD 5.9 billion.

Shares of BASF were trading flate at Rs 1,995.10 on BSE in the afternoon.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, March 08 2018. 13:35 IST