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...Bayer: Shares in the German chemicals and pharma company gained 2 per cent after reports it may spin off its CropScience unit....
...In Bayer’s case, its CropScience division, which provides seeds and weedkillers to farmers, feared in 2016 that it could be marginalised as a massive consolidation wave swept through the sector....
...However ebitda at its agricultural arm CropScience, which sells products such as insecticides and herbicides as well as seeds, fell 9.5 per cent year-on-year to €334m....
...In Bayer’s case, the shift to life sciences started as long ago as 2001, when the group paid €7.25bn for Aventis CropScience in what was then its largest acquisition....
...Julian Little of Bayer CropScience disagreed....
...Companies like Bayer Cropsciences, Kaveri Seeds and Pesticides India are well placed to benefit from this trend. Saurabh Mukherjea is CEO of institutional equities, Ambit Capital....
...CropScience Syed Manzur Elahi, Chairman, Apex Adelchi Footwear Eduardo Eurnekian, CEO, Corporación América Douglas Flint, Group Chairman, HSBC Holdings Antonio Estrany y Gendre, President, Axion Energy...
...Germany’s Bayer CropScience said the move would reduce food quality and make European agriculture less competitive....
...Marijn Dekkers, chief executive, said: “The upward trend in our life science businesses – healthcare and cropscience – continued in the third quarter of 2012 …We remain on a successful path, and we confirm...
...CropScience UK....
...Shortly after the fundraising it announced a licensing agreement with Bayer CropScience for exclusive rights on producing drought-resistant cotton....
...Dr Julian Little, who chairs the Agricultural Biotechnology Council, an industry group representing biotechnology companies, and who works for Bayer CropScience, a leading proponent of GM, added: “The only...
...So the reason we don’t have GM crops growing in the UK has nothing to do with scare mongering and everything to do with a science – based assessment plus a business decision made by Bayer CropScience in...
...“When people talk about drought they imagine you are talking about inventing crops to be grown in the desert – that isn’t the case,” says Dr Julian Little, of Bayer CropScience....
...Bayer CropScience is co-operating with the FDA and USDA....
...Other agricultural biotech companies in the market include DuPont, Dow and Bayer CropScience, which was formed in 2001 by Bayer’s purchase of Aventis ....
...While the Commission said LL Rice 601 was produced by Bayer, the German chemical company told Reuters news agency it was not....
...South Korean officials joined their counterparts from the European Union in seeking more information from the US Department of Agriculture on test results after Bayer CropScience, a unit of the German chemicals...
...The CropScience revamp, however, will lead to special cash charges of about €330m, and writedowns of around €120m, mainly in the 2007 and 2008 results. Bayer stock fell 0.7 per cent to €39.26....
...Bayer CropScience, the life sciences company, revealed last week that it had found traces of an unauthorised GM rice line it developed in commercial rice supplies in the US....
...Bayer said that it had earmarked a further €600m of savings through efficiency improvements over the next three years. This figure did not include the upcoming restructuring at Bayer CropScience....
...Bayer also said its CropScience division had a promising pipeline, and total R&D spend this year would be about €1.9bn....
...The US-based group will seek a deal with a major agricultural specialist, such as Syngenta or Bayer CropScience....
...Bayer CropScience, which vies with Switzerland’s Syngenta for top position in the agrochemicals market, also echoed results at its main competitors with improved earnings despite adverse climatic conditions...
...However John Smith, manager of the fungicide business unit at Bayer CropScience, another German chemical group, says his company will have two "very effective" fungicides available by next year....
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