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BASF Starts Pricey Journey Into Seeds With $7 Billion Bayer Deal

  • Assets from Bayer generate about 385 million euros in earnings
  • German company is seizing last opportunity to enter seeds
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BASF Agrees to $7B Bayer Deal

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BASF SE’s $7 billion acquisition of part of Bayer AG’s agricultural products business promises to be the start of a long and expensive journey into genetically-modified seeds.

In its biggest-ever deal, BASF is purchasing Bayer seeds for mainstay crops including cotton and soybean, plus the herbicide brand Liberty, the Ludwigshafen, Germany-based company said on Friday. Other seed deals may follow as BASF expands its expertise, Chief Executive Officer Kurt Bock said on a call with investors.