United Phosphorus enters into agreement with M/s Bayer CropScience AG Germany

United Phosphorus Ltd has announced that the Company has entered into an agreement with M/s. Bayer CropScience AG Germany whereby the Company has purchased certain crop protection products from Bayer CropScience. This includes the systemic carbamate herbicidal active ingredient Asulam (brand names Asulox® Asilan® ) and two insecticidal products. Bayer CropScience has retained certain rights related to non-agricultural uses in strategic markets.

The total purchase price for the products is 43.5 million Euros including inventories.

With acquisition of these products the Company will enhance its product portfolio across geography with an intention to offer a broad portfolio of solutions to its customers.

Source : Equity Bulls

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