Skip to main content

Bayer sells plant science unit to BASF for Monsanto acquisition

Bayer AG will sell the plant science unit to acquire Monsanto. The pharmaceutical giant based in Leverkusen on Friday said it would sell some of its agriculture business to BASF SE and start its seed market. The US$66 billion Bayer-Monsanto merger will be a giant seed of plants and pesticides worldwide.

Tinuku Bayer sells plant science unit to BASF for Monsanto acquisition

"We are taking an active approach to dealing with potential regulatory issues in order to facilitate the Monsanto deal," said Bayer CEO Werner Baumann.

The deal means Bayer sells plant seed units, glufosinate ammonium herbicide, related research and development activities, and intellectual property to BASF for 5.9 billion euros (US$7 billion). The proceeds of the sale will lead to refinancing of bids for the acquisition of Monsanto.

The deal will create a global seed company and a giant pesticide with annual revenues of about 23 billion euros and 140,000 employees as a dominant force on the food chain. Bayer and Monsanto have a large market share in which their products compete with each other.

BASF purchases on Bayer units will not continue unless the Monsanto deal is approved. The units in the deal include 5 factories, 10 research sites, and soybean crop business, seed oil and cotton which all generate revenues of about 1.3 billion euros by 2016.


Popular posts

GyroCycle motorcycle self-balancing gyroscope tech by Thrustcycle Enterprises LLC ready market 2017

Tinuku ~ Thrustcycle Enterprises LLC has been set up GyroCycle electric motorcycle that will not collapse even without the support for the production in 2017. The company is based in Honolulu designing electric motorcycles equipped gyroscopic technology for stability and anti-collapse.

Know Various Types of Traditional Indonesian Batik Patterns

Tinuku ~ Various types of batik spread across the archipelago. Batik is art of painting using cloth has a pattern and a special way of making the write or paste on the fabric. By treatment with certain distinctive ways.

Batik is pictorial cloth made specifically by writing or applying wax to cloth and since October 2, 2009 batik has been designated as one of Indonesia's cultural heritage by UNESCO.

Everyone knows batik designs have supernatural powers and each motif worn only by specific users. Parang motif which symbolizes strength and power, should only be worn by rulers and knights. Batik of this type must be made with calmness and patience.

If you do wrong in the batik process, the magical power is lost. The process of making batik is full of philosophical meaning, batik is a meaningful symbols that shows how society thinks maker.

Perhaps you just know only one kind of batik design. But geography and area of Indonesia storing various types of batik motifs depending on region t…

GlaxoSmithKline, Novartis AG and Bill Gates pushing against malaria

GlaxoSmithKline Plc and Novartis AG will donate a research fund of up to US$4 billion in a global effort to fight malaria as a drug-resistant strain has not progressed for years. Commitment is part of a broad initiative led by the Bill & Melinda Gates Foundation with US$1 billion,

Glaxo invested an additional US$250 million, while Novartis will allocate more than US$100 million, the company said before Wednesday's meeting in London. Urgency increases when the case of malaria grows significantly in 2016 for the first time in a decade. The emergence of resistance to drugs and insecticides makes efforts to eradicate the disease more difficult.

Certain variants of the lethal parasite Plasmodium falciparum are able to avoid artemisinin as the most potent drug available today. This resistant strain has been detected in five Asian countries and takes risks in Africa. Philanthropic billionaire Bill Gates has said it would be a "disaster" if the mutant form of the parasite mo…