BASF CEO says to look at more seed M&A after Bayer deal

Published 13/10/2017 in Business, Economy & Finance

BASF CEO says to look at more seed M&A after Bayer deal
FILE PHOTO: A cyclist rides his bike past the entrance of the BASF plant in Schweizerhalle, Switzerland, July 7, 2009. REUTERS/Christian Hartmann/File Photo

BASF (BASFn.DE) will take a look at further assets coming onto the market after agreeing to buy seeds and herbicide businesses from Bayer (BAYGn.DE) for 5.9 billion euros ($7 billion), its chief executive said.

FRANKFURT (Reuters) – BASF (BASFn.DE) will take a look at further assets coming onto the market after agreeing to buy seeds and herbicide businesses from Bayer (BAYGn.DE) for 5.9 billion euros ($7 billion), its chief executive said.

&ldquo-It needs to be seen whether we can further enlarge this business via acquisitions because it takes two to tango,&rdquo- Kurt Bock told analysts and journalists on a conference call on Friday.

&ldquo-We will certainly look at opportunities,&rdquo- he said.

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