Bayer Sells part of Agricultural Division to accelerate acquisition of Monsanto

The German company Bayer signed an agreement for the sale of part of your agricultural Division, Bayer CropScience, for 5.9 billion euros the German Basf, also with the objective of eliminating barriers to the acquisition of Monsanto likely. Among the assets sold, which generated net sales of 1.3 billion euros in 2016, are the global business of glufosinate ammonium LibertyLink technology for herbicide tolerance, the business of field crops and their research structures and development. The deal includes the transfer of intellectual property and relevant physical, as well as 1,800 employees in Germany, Brazil, Belgium, Canada, United States.