The ripple effect from Bayer’s acquisition of Monsanto continues in the canola seed business.
Canada’s Competition Bureau says it has approved BASF’s purchase of Bayer’s LibertyLink canola system on the condition that BASF sell its own Clearfield production system for canola.
“The Commissioner of Competition concluded that BASF’s acquisition of the Bayer assets would likely have substantially lessened or prevented competition in the supply of canola seeds and traits in Canada due to BASF’s pre-existing position in that market,” says a statement from the Competition Bureau, released on Wednesday.
To address these concerns, the Bureau says BASF has agreed to sell its Clearfield system for canola — including the herbicide tolerance trait in North America, compatible imidazolinone herbicides in Canada and other supporting assets — to “a buyer acceptable to the Commissioner.”
More specifically, the company says it has agreed to to divest its existing business in North America relating to the breeding, marketing and sale of canola seeds under the Clearfield brand, as well as the marketing and sale in Canada of imazamox/imazapyr herbicides under the Ares brand and the imazamox herbicides under the Tensile brand. BASF says it will continue to develop and support Clearfield in other products and geographies.
Neither the Bureau nor BASF have named a potential purchaser.
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