Announcements

Job offersmore »





Tweeting Growers

Top 5 - yesterday

  • No news has been published yesterday.

Top 5 - last week

Top 5 - last month

Exchange ratesmore »




Bayer, Monsanto start $2.5 billion asset sale

Bayer and Monsanto are launching asset sales worth roughly $2.5 billion as they seek regulatory clearance for their $66 billion merger, people close to the matter said.

To kick off an auction process, Bayer's advisors will send out information packages next week to prospective bidders for the businesses, which have been divided into three bundles of assets, the people said.

Bayer and Monsanto have said in the past that they expect to divest activities with combined sales of up to $1.6 billion.

While it could not be learned what businesses will be put on the auction block, antitrust and industry experts expect Bayer to potentially divest soybean, cotton and canola seed assets as well as LibertyLink-branded crops that are resistant to its glufosinate herbicide, an important alternative to Monsanto's Roundup Ready seeds.

Overall, regulatory hurdles to the deal are seen as manageable because Bayer's main business in agriculture is pesticides while Monsanto's focus is on genetically modified seeds.

Read more at Reuters

Publication date: 3/15/2017

 


 

Other news in this sector:

2/16/2018 Minister from Qatar visits Bom Group
2/16/2018 Mycorrhizal Applications expands sales and customer service capacity
2/16/2018 Bayer to continue work in Russia despite problems over merger
2/16/2018 UK: Guy Thallon joins Business Development team at Fera Science
2/16/2018 Rwanda: Horticulture exporters reaching new markets in Europe
2/15/2018 "Strong cash flow despite challenging global conditions"
2/15/2018 AUSVEG joins NFF Horticulture Council and invests in advocacy
2/15/2018 Syngenta acquires high-resolution satellite imagery innovator FarmShots
2/14/2018 NL: New player on LED market develops their own luminaire
2/14/2018 Lumileds appoints Cheree McAlpine as SVP and General Counsel
2/14/2018 Californian engineering and irrigation companies enter partnership
2/13/2018 BerryWorld unites businesses under single identity
2/13/2018 US (CA): Talley Farms names new sales manager, Derek Sass
2/13/2018 US: UnitedAg expands virtual care services
2/13/2018 "Bayer-Monsanto must not hurt competition in digital farming"
2/12/2018 Sipo and Agro T18 launch partnership to reach new export markets
2/12/2018 "Bayer to sell vegetable seeds business"
2/12/2018 Affinor Growers appoints new CEO
2/12/2018 LED-cultivated raspberries harvested
2/9/2018 US: New mushroom consumer website launched