IHS Chemical Week

Markets :: Fine Chemicals/Biotech :: Seeds and traits

Syngenta to Buy Monsanto's Sunflower Seeds Business

2:34 AM MDT | August 6, 2009 | Alex Scott

Syngenta says it has struck a deal to acquire Monsanto’s hybrid sunflower seeds activities for $160 million. The acquisition would add to Syngenta’s existing business in this field. The deal is for cash on a debt-free basis. The deal includes germplasm, and development and breeding of hybrid sunflower seeds. The transaction is subject to the approval of regulatory authorities.   Monsanto’s hybrid sunflower business recorded sales of $75 million in fiscal year 2008 and has leading positions in key markets, Syngenta says. Syngenta says its...

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