According to the news agency Bloomberg, multinational chemical company Bayer AG may be preparing to purchase Monsanto.

Reports suggest that the German-based business has already held internal discussions and has talked to advisors about the possible deal which, if successful, would create the world’s largest agrochemical and seed company.

With a valuation of around €79 billion, Bayer is almost twice as big as Monsanto which has an estimated market value of €43 billion. However, financial analysts have suggested that Bayer would need to sell off certain assets to obtain sufficient funds for a deal and also point out that such a large merger would create ant-trust and competition issues around the world. ‘Competition regulators are already investigating the $130 billion merger between Dow Chemical Co. and DuPont Co., while national security officials in the U.S. weigh China National Chemical Corp.’s bid to acquire Syngenta AG of Switzerland for $43 billion,’ says Bloomberg.

In a conference call with analysts on 26 April, Liam Condon, head of crop sciences at Bayer, said, “We’ve always said that we want to build out further our seeds business. We’ve had some acquisitions, minor or smaller acquisitions that we’ve made, and we continue to look at all options that create value for Bayer.”

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The post Is Bayer lining up to buy Monsanto? appeared first on Hort News on Wednesday 18 May 2016.