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In October 2001, Germany's Bayer Corporation purchased Aventis CropScience for US$6.63 billion. With this acquisition, Bayer will become one of the largest agrochemical companies in the world, second only to Syngenta. The purchase of Aventis CropScience will double Bayer's existing agriculture-related business. Bayer expects its sales in this area to reach approximately US$6.62 billion in 2001, and to exceed US$7.1 billion by 2005.
Activities of the new company, Bayer CropScience, will...