BASF India’s parent company closes acquisition of Bayer’s global vegetable seeds business

17 Aug 2018

BASF India’s parent company -- BASF SE Germany -- has closed the acquisition of Bayer's global vegetable seeds business, mainly operating under the brand Nunhems. The transaction adds a well-recognized brand with a very successful business track record to BASF SE's portfolio. The acquired vegetable seeds business comprises 24 crops and about 2,600 varieties. It also includes well-established, strong R&D and breeding systems with over 100 unique breeding programs in more than 15 crops.

This closing completes BASF SE's acquisition of a significant range of businesses and assets with combined 2017 sales of Euro 2.2 billion, which Bayer offered to divest in the context of its takeover of Monsanto. The all-cash purchase price aggregates to Euro 7.6 billion, subject to certain adjustments at closing.

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

987.10 0.00 (0.00%) Nov 11, 17:59
1 Year Price Chart
Peers
Company Name CMP
UPL 555.65
BASF India 987.10
PI Industries 1401.20
Bayer CropScience 3441.45
Rallis India 166.90
View more..
Sensex vs BASF India
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

Callback

8055769463

8055769463