“The terms of the Competition Commission in South Africa include the sale of Bayer`s global LibertyLink properties technology and its related Liberty brand agrochemical activities. Bayer has agreed to these conditions and is considering how best to proceed with the imposed sale. Bayer`s liberty brands compete with the characteristics of MonsantoTechnologies Roundup Ready (Glyphosate) and Roundup Ready 2 Xtend (dicamba). Another soy property system, Balance GT, characteristic of glyphosate and isoxaflutole, developed in collaboration with MS Technologies, Bayer and Mertec LLC, is also about to be introduced. More than 1,800 purchasing, research, breeding and production employees are expected to move from Bayer to BASF. These employees are primarily active in the United States, Germany, Brazil, Canada and Belgium. In addition, BASF will acquire glufosinate and ammonium formulation production sites in Germany, the United States and Canada, seed breeding facilities in North and South America and Europe, and draught research centers in the United States and Europe. “We are pleased to welcome our new colleagues to BASF. As experienced, dedicated and motivated professionals, they enrich our team with their expertise in the areas of plant, seed and property protection.

Together, we will shape BASF`s long-term success and meet the needs of farmers around the world,” said Markus Heldt, Director of BASF`s Crop Protection Division. Crops that contain the LibertyLink property include rapeseed, corn, cotton and soybeans. The herbicide Liberty is allowed to be used beyond a wide range of crops beyond the technology of characteristics and glufosinate is sold as a generic herbicide. Bayer will largely license LibertyLink to other seed companies and has its own branded seed lines in rapeseed, cotton and soybeans. A company spokeswoman would not confirm whether the sale could include Bayer`s sale of the seed business at the same time as the characteristics and herbicide business. “The $1.6 billion was a calculation that we looked at essentially on the overlap between the two companies, and what would be the maximum amount (of assets) to sell to make the deal,” he said. The sale price of $6.97 billion exceeds this threshold. www.agriculture.com/news/crops/eight-points-to-know-about-the-bayer-monsanto-merger Ludwigshafen, Germany – October 13, 2017 – BASF has signed an agreement to take over key parts of Bayer`s non-selective seed and herbicide business. Bayer intends to divest these assets as part of the proposed acquisition of Monsanto. The barbarian purchase price is 5.9 billion euros, subject to certain adjustments at the close. Assets to be acquired include Bayer`s non-selective glufosinate-ammonium herbicide business, which are Brands Liberty®, Basta® and Final ® is marketed, as well as its seed stores for major mass crops in certain markets: rapeseed hybrids in North America under the InVigor brand® with LibertyLink® feature technology, rapeseed primarily in European markets, cotton in America and Europe and the transaction includes Bayer`s research and breeding capabilities for these crops and ownership of LibertyLink®. The LTA is more than just a contract.

Ultimately, it is the way in which breeders support our livestock research and development that strengthens our ability to bring new hybrids to market with innovative feature technologies and improved yields. BASF has signed an agreement to acquire Bayer`s LibertyLink technology and other important parts of Bayer`s non-selective seed and herbicide business. The Liberty-Trait Agreement (LTA) is a contract between BASF and a breeder client that grants the breeder a limited license for the possession and use of certain innovative properties and technologies, including LibertyLink® certified rapeseed seeds, LibertyLink® certified soybeans and Liberty® 200 SN Herbizid.