Bayer closed its merger with Monsanto this week and a related deal to sell its vegetable seeds business to BASF.
The price tag for Monsanto was $8.5 billion The BASF deal offset that by $2.6 billion.
BASF said Nunhems® “adds a well-recognized brand with a very successful business track record.
The acquired vegetable seeds business comprises 24 crops and about 2,600 varieties. It also includes Bayer’s research and development and breeding programs for more than 15 crops.
Now that Bayer has merged, the Monsanto name will eventually disappear, but it will retain brand names such as Dekalb, Asgrow and Channel.
Bayer also said it intends to vigorously appeal the California jury award of $289 million US to a school employee who claims he developed terminal cancer from exposure to Roundup.
