June 27 (Reuters) - Canada's Competition Bureau:
* COMPETITION BUREAU REACHES AGREEMENT WITH GERMAN CHEMICAL COMPANY BASF
* SAYS REACHED AGREEMENT WITH BASF SE (DE:BASFN) RELATED TO ITS PROPOSED PURCHASE OF ASSETS BAYER AG MUST SELL AFTER DEAL WITH MONSANTO COMPANY
* SAYS CONCLUDED BASF-BAYER DEAL WILL LIKELY HAVE SUBSTANTIALLY LESSENED/PREVENTED COMPETITION IN SUPPLY OF CANOLA SEEDS & TRAITS IN CANADA
* SAYS CONCLUSIONS ON BASF-BAYER DUE TO BASF'S PRE-EXISTING POSITION IN CANADA'S CANOLA SEEDS AND TRAITS MARKET
* SAYS BASF AGREED TO SELL CLEARFIELD PRODUCTION SYSTEM FOR CANOLA & SUPPORTING ASSETS TO BUYER ACCEPTABLE TO COMMISSIONER OF COMPETITION
* SAYS GIVEN BASF CONSENT AGREEMENT, COMMISSIONER APPROVED BASF AS PROPOSED BUYER OF BAYER & MONSANTO ASSETS UNDER BAYER CONSENT AGREEMENT
* SAYS COMMISSIONER SATISFIED THAT CONSENT AGREEMENT WITH BASF ADDRESSES COMPETITIVE ISSUES ARISING FROM BASF/BAYER DEAL