Bayer plans to sell its global vegetable seeds business which operates under the global trademark Nunhems and allow BASF exclusive access to its digital farming data in an effort to address EU antitrust concerns over its $63.5 billion purchase of Monsanto.
While definitive agreements have not been concluded, BASF hopes to enhance its future seed platform and the market position of its Agricultural Solutions business. Nunhems has 1,200 seed varieties in 25 vegetable crops including leading varieties of carrot, cucumber, leek, lettuce, melon, onion, pepper, tomato and watermelon.
On October 13, 2017, BASF signed an agreement to acquire significant parts of Bayer’s seed and non-selective herbicide businesses. The all-cash purchase price is €5.9 billion, subject to certain adjustments at closing. The assets to be acquired include Bayer’s global glufosinate-ammonium non-selective herbicide business as well as its seed businesses for key row crops in select markets: canola hybrids in North America under the InVigor brand using the LibertyLink trait technology, oilseed rape mainly in European markets, cotton in the Americas and Europe as well as soybean in the Americas. The transaction also includes Bayer’s trait research and breeding capabilities for these crops and the LibertyLink trait and trademark. This acquisition complements BASF’s crop protection business and marks its entry into the seed business with proprietary assets in key agricultural markets.
Source: BASF March 7, 2018 news release