You are here

Monsanto plans to divest Syngenta's seed business to get nod for takeover

Syngenta already has rejected a US$45b offer, but Monsanto continues to pursue it
Friday, May 22, 2015 - 05:50
BT_20150522_DIVEST22_1681539.jpg
Syngenta's agrichemical portfolio brought in more than US$11.3 billion in revenue last year.

Kansas City, US

MONSANTO CO, the world's largest seed company, said on Wednesday that it plans to divest Syngenta Ag's seeds and genetic traits businesses as well as some overlapping chemistry assets to win regulatory approval for a takeover of its Swiss rival.

"We intend to make