BASF India’s parent company inks pact to acquire additional assets from Bayer

27 Apr 2018

BASF India’s parent company -- BASF SE Germany has signed an agreement to acquire the additional businesses and assets from Bayer, which it has offered to divest in the context of its planned acquisition of Monsanto.

The assets to be acquired include Bayer's entire vegetable seeds business, operating under the global trademark Nunhems, Seed treatment products sold under Poncho, VOTiVO, COPeO and ILeVO brands, Research & Development platform for hybrid wheat and Complete state-of-the-art digital farming platform xarvio. 

The all-cash purchase price for the additional businesses and assets that BASF SE has agreed to acquire is EUR 1.7 billion, subject to certain adjustments at closing. For the full year 2017, sales of these businesses amounted to around EUR 745 million.

BASF India is a chemical manufacturing company. It operates in the business segments of agricultural solutions, performance products, plastics businesses and chemicals. The agricultural solutions include insecticides, herbicides, fungicides and specialties.

Related BASF India Ltd. Links:

BASF India Share Price

1512.40 -6.40 (-0.42%) Sep 18, 18:01
1 Year Price Chart
Company Name CMP
UPL 537.85
BASF India 1512.40
Bayer CropScience 6368.75
PI Industries 2037.60
Rallis India 300.90
View more..
Sensex vs BASF India
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719