Not only would the tie-up create the world's largest agricultural supplier, more significantly for the region, it would reportedly be the biggest outbound takeover by a German corporate on record. It could also mark the start of a flurry of deal-making across the continent.
With just one week to go before the European Central Bank's new easing measures kick in, strategists have been waiting on tenterhooks for the M&A spigots to turn on. Bank of America Merrill Lynch's Barnaby Martin told CNBC last week that a surge in corporate re-leveraging will see more M&A as the most obvious outcome.
In fact, he's so bullish on the appetite for acquisitions that he's predicting an age in which the ECB lays the groundwork for "European firms to take over the world."