Monsanto Looks to Sell Seed Business: Reuters
14 May 2015 Monsanto’s bid to buy Syngenta might hinge on whether Monsanto is able to sell its seed business, according to a report by Reuters.
According to the report, the U.S.-based Monsanto’s seed assets are worth up to $8 billion “to appease competition authorities before making a fresh takeover approach for Swiss Syngenta, possibly within three weeks, industry sources said. Monsanto is expected to tap German chemicals group BASF, an existing joint venture partner, as it seeks a buyer for the U.S. seeds business of Syngenta, which can’t be part of its proposed takeover, sources said.”
Read the Reuters story here.
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