Bayer CropScience gets nod to sell traded seeds business to Crystal Crop Protection
14th Oct 2021

Bayer CropScience’s board of directors has approved the sale of its traded seeds business related to cotton, millet, mustard and sorghum crops along with real estate property owned by the company at Patancheru, Telangana, to Crystal Crop Protection on a slump sale basis for a total consideration of Rs 62 crore.

The transaction is subject to the fulfillment of agreed conditions before the closing date. Until the closing of the transaction, the company will continue to act as a distributor for these crops. The company will continue to act as distributor for crops which are not part of these sales. The revenue from traded seeds business for above crops accounts for 1.3 per cent of the revenue from operations of the company for the Financial Year 2020-21.

Bayer CropScience is a world leader in the areas of crop protection pest control seeds and plant biotechnology. The company offers comprehensive solutions for modern sustainable agriculture and non-agricultural applications.