BASF Bids on Bayer Seed Assets – Reuters

In a long-expected move to compete with emerging giants including DowDuPont Inc., Bayer-Monsanto, and ChemChina-Syngenta, BASF is bidding for a package of seed and chemical assets that Bayer needs to divest to win approval for its deal, Reuters reported on Wednesday, citing people familiar with the matter.

DowDuPont and Syngenta AG are also competing for Bayer’s canola, cotton and soybean seed varieties, as well as the Liberty herbicide system, which could be valued at more than $5 billion combined, Reuters said.

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