German multinational plc has agreed to sell its digital farming business to BASF , rather than give it a license , to accommodate US antitrust regulators scrutinising plc 's proposed takeover of Monsanto . The company has reached tentative agreements with the consumer Justice Department and consumer Commission , while BASF is set to acquire the firm 's vegetable farming unit , as well as various crop and herbicide assets for € 5.9bn ( $ 7.2bn ) . Bayer said it would seek to " wrap up " the Monsanto purchase during Q2 2018 .
German multinational Bayer has agreed to sell its digital farming business to BASF, rather than grant it a license, to accommodate US antitrust regulators scrutinising Bayer's proposed takeover of Monsanto. The company has reached tentative agreements with the US Justice Department and European Commission, while BASF is set to acquire the firm's vegetable seeds unit, as well as various seed and herbicide assets for €5.9bn ($7.2bn). Bayer said it would seek to "wrap up" the Monsanto purchase during Q2 2018.