Canada's Competition Bureau has approved BASF's acquisition of Bayer's LibertyLink canola system.

The condition is that BASF must sell its Clearfield canola system.

Bayer is selling its LibertyLink business to BASF as a condition of the company's purchase of Monsanto.

According the Competition Bureau, approximately 55% of canola seeds sold in Canada contain Bayer’s LibertyLink trait, approximately 40% contain Monsanto’s Roundup Ready trait, and approximately 5% contain BASF’s Clearfield trait. Bayer and BASF are the only firms selling a herbicide compatible with their respective traits, and Monsanto is the leading seller of glyphosate in Canada.