BASF finds strong demand for extra Bayer purchase
German chemicals company BASF found substantial demand for its second visit to the corporate bond market to fund its acquisition of Bayer’s seed business.
In November, BASF raised €3bn of a planned €5.9bn cash acquisition of Bayer’s seed and non-selective herbicide businesses, which Bayer had to divest of as part of its purchase of Monsanto. However, in April, BASF announced it was acquiring additional seeds and crop protection businesses from Bayer ...
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