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Germany: BASF not Backed into a Corner BASF Expects Monsanto to Honour Collaboration Agreement

| Editor: Alexander Stark

At a news conference, BASF said its business model was not affected by rival Bayer's plans to buy Monsanto, reports Reuters.

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Martin Brudermueller, Deputy Chief Executive of BASF SE: "We are not backed into a corner by what is happening in the market".
Martin Brudermueller, Deputy Chief Executive of BASF SE: "We are not backed into a corner by what is happening in the market".
(Picture: BASF SE)

Ludwigshafen/Germany – "We are not backed into a corner by what is happening in the market," the group's deputy chief executive Martin Brudermueller said at a news conference on BASF's research and development efforts at its headquarters in Ludwigshafen in southern Germany.

"We expect contracts to be honoured of course, should there be a new owner," Brudermueller said, when asked about repercussions on any Bayer takeover on its alliance with Monsanto.

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