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
Neste has bought the European rights for Alterra Energy’s liquefaction technology, strengthening its chemical recycling capabilities. Alterra is a US-based company that has developed a thermochemical solution for liquefying difficult-to-recycle plastics.
Lonza appoints Maria Soler Nunez as Head, Group Operations. Maria joins Lonza from Novartis where she has led the quality organization since 2020. Maria will commence her tenure with Lonza Group on 1 August 2022, succeeding Stefan Stoffel, who is retiring from Lonza.
AkzoNobel has announced that Gregoire Poux-Guillaume will become the company’s new Chief Executive Officer (CEO) as of November 1, 2022. He will succeed Thierry Vanlancker, who has been CEO and member of the Board of Management since 2017, and whose term of office is coming to an end.