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.