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Bayer to sell more crop science businesses to BASF for $2 billion 

Bayer will sell more of its Crop Science businesses to BASF for 2 billion dollars to satisfy competition concerns over the company’s acquisition of Monsanto.

The German company says it will sell its global vegetable seeds businesses, seed treatments, and the research platform for wheat hybrids and glyphosate-based herbicides. Bayer will also sell its digital farming platform. That’s in addition to selling BASF some of Bayer’s herbicide and field crop seeds businesses for $7 billion if the Monsanto merger is approved.

The acquisition includes more than 2,000 employees. BASF says it will keep all permanent positions for at least three years.

The companies have said they hope to complete the merger by June.

Regulatory approval is needed for the sale to BASF and the acquisition of Monsanto.

This is the latest merger in the industry, after Dow and DuPont and ChemChina and Syngenta.