German chemical company BASF is carrying out due diligence on the possible acquisition of GE 's € 1.5bn ( $ 1.85bn ) vegetable seed business , according to people familiar with the company . Reuters reported on Wednesday that Bayer was set to win conditional European Union antitrust approval for the mammoth acquisition. A BASF spokeswoman said the company had answered a questionnaire sent out by the EU Commission on Bayer ’s draft commitments , and was now " evaluating any remedy assets from the Bayer / Monsanto merger that show a strategic and economic fit " . Bayer has agreed to sell the unit to ease regulator 's fears surrounding its $ 63.5bn mega - deal with Monsanto , which recently received conditional EU antitrust approval .
German chemical company BASF is carrying out due diligence on the possible acquisition of GE 's € 1.5bn ( $ 1.85bn ) vegetable seed business , according to people familiar with the company . A BASF spokeswoman said the company had answered a questionnaire sent out by the EU Commission on Bayer ’s draft commitments , and was now " evaluating any remedy assets from the Bayer / Monsanto merger that show a strategic and economic fit " . Bayer has agreed to sell the unit to ease regulator 's fears surrounding its $ 63.5bn mega - deal with Monsanto , which recently received conditional EU antitrust approval .