BASF or Syngenta Could Buy Bayer Assets

  • Author: ChemistryViews.org
  • Published: 14 June 2017
  • Copyright: Wiley-VCH Verlag GmbH & Co. KGaA
  • Source / Publisher: Bloomberg
  • Associated Suppliers: BASF SE, Ludwigshafen, Germany
thumbnail image: BASF or Syngenta Could Buy Bayer Assets

BASF, Syngenta, and other companies are said to have submitted preliminary bids for assets that Bayer plans to sell to get regulatory approval for its US$ 66 billion takeover of Monsanto. The assets include canola, cottonseeds, the LibertyLink herbicide-resistant trait and its glufosinate weed killer, as well as garlic and pepper seed operations. In total, the disposals may bring in US$ 2.5–3 billion.

Sources for these information have not been named, no final decisions have been made, and the companies possibly might decide against proceeding with the offer.

Syngenta is being acquired by China National Chemical Corp. in a US$ 43 billion deal. Bayer earlier this month sold shares and convertible bonds in Covestro worth about 2.1 billion euros.


 

Article Views: 1171

Sign in Area

Please sign in below

Additional Sign In options

Please note that to comment on an article you must be registered and logged in.
Registration is for free, you may already be registered to receive, e.g., the newsletter. When you register on this website, please ensure you view our terms and conditions. All comments are subject to moderation.

Article Comments - To add a comment please sign in

Bookmark and Share

If you would like to reuse any content, in print or online, from ChemistryViews.org, please contact us first for permission. more


CONNECT:

ChemistryViews.org on Facebook

ChemistryViews.org on Twitter ChemistryViews.org on YouTube ChemistryViews.org on LinkedIn Sign up for our free newsletter


A product of ChemPubSoc Europe (16 European Chemical Societies)and Wiley-VCH