June 14, 2019 / 5:54 AM / 3 months ago

Bayer says to invest 5 bln euros in new weed killers

BERLIN, June 14 (Reuters) - Bayer said it would invest 5 billion euros ($5.6 billion) in developing new weedkillers and reducing its environmental impact by 30% by 2030, as it seeks to address the fallout from U.S. class-action litigation over glyphosate.

"While glyphosate will continue to play an important role in agriculture and in Bayer’s portfolio, the company is committed to offering more choices for growers," Bayer said in a statement on Friday.

Bayer said these measures seek to address public concerns arising from its acquisition of Monsanto, the maker of RoundUp, a glyphosate-based weedkiller which, according to thousands of U.S. plaintiffs, causes cancer. Bayer contests this. ($1 = 0.8873 euros) (Reporting by Tassilo Hummel Editing by Douglas Busvine)

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