German seed company BASF has closed the € 7.6bn ( $ 8.8bn ) cash flow of Bayer assets , which it said are a " strategic complement " to its seed portfolio . The purchase includes Bayer ’s global glufosinate - ammonium and seed business , as well as the vegetable seeds division , nematicide research projects and digital marketing platform xarvio . Following the acquisition , seed has renamed its crop protection unit Agricultural Solutions , and set up a global business unit for seeds and traits .
German chemical producer BASF has closed the €7.6bn ($8.8bn) cash acquisition of Bayer assets, which BASF said are a "strategic complement" to its existing portfolio. The purchase includes Bayer’s global glufosinate-ammonium and seed business, as well as the vegetable seeds division, nematicide research projects and digital farming platform xarvio. Following the acquisition, BASF has renamed its crop protection unit Agricultural Solutions, and set up a global business unit for seeds and traits.