German seed seller KWS Saat has bowed out of an eleventh-hour bid for Bayer’s vegetable seed business saying it accepts a decision by the European Commission that BASF is the most suitable buyer.
“We have accepted the decision that the business will go to BASF,” a KWS spokesman said on Wednesday. “Possible new steps are now up to BASF.”
Bayer said on Tuesday it had won approval from the EU commission for BASF to take over the businesses it will divest to win regulatory clearance for its planned acquisition of Monsanto.
By Patricia Weiss
Source: Reuters
Neste Corporation’s Board of Directors has appointed Heikki Malinen, M.Sc. (Econ.), MBA (Harvard) as the President and CEO of Neste as of 2 November 2024, at the latest. Malinen joins Neste from Outokumpu Corporation where he has held the position of President and CEO since 2020.
Petrochemicals company Sasol has announced that CFO and executive director Hanré Rossouw will step down from his position, effective October 31. Sasol has started the process to appoint a successor. Rossouw will still oversee the publication of Sasol’s reports for the financial year ending June 30, to allow for a structured handover period.
Chemours announced its CFO Jonathan Lock has resigned from all positions within the company, according to an SEC 8-K filing on April 23. The resignation comes in the aftermath of the company announcing that Lock, former CEO Mark Newman, and principal accounting officer Camela Wisel, had been placed on administrative leave.