Sector News

KWS bows out of bid to buy Bayer's vegetable business

May 31, 2018
Energy & Chemical Value Chain

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

comments closed

Related News

November 26, 2023

INEOS Styrolution and Sinopec inaugurate new ABS facility in Ningbo, China

Energy & Chemical Value Chain

INEOS Styrolution, the global leader in styrenics, has today announced the official opening of a new world-scale ABS[1] facility located in Ningbo, China, together with its joint venture partner SINOPEC. The facility has an annual nameplate capacity of 600,000 tonnes.

November 26, 2023

Rohm, SABIC combine on New Film, Sheet Unit

Energy & Chemical Value Chain

The merger of Röhm’s Acrylic Products business unit and SABIC’s Functional Forms business has resulted in the formation of Polyvantis. This new company will offer extruded products in the forms film, sheet, pipe and rod for markets that include building and construction, transportation and aviation, electrical and electronics, automotive and home and garden.

November 26, 2023

Report: Adnoc considering €10B acquisition of BASF affiliate Wintershall DEA

Energy & Chemical Value Chain

Abu Dhabi National Oil Co. (Adnoc) is considering plans to acquire upstream oil and gas company Wintershall DEA, an affiliate of BASF SE, according to a Bloomberg report citing people with knowledge of the matter. A deal to acquire Wintershall DEA could be worth more than €10 billion, the report said. BASF and Adnoc declined to comment on the report.

How can we help you?

We're easy to reach