Syngenta to acquire Monsantos global sunflower assets

Date:08-07-2009

Monsanto Company announced today that it has entered into an agreement to sell its global sunflower assets to Syngenta.

Under the terms of the agreement, Syngenta will purchase assets and assume liabilities of Monsanto associated with its global hybrid sunflower seed business for $160 million. The transaction will be completed pending appropriate regulatory approvals. Additional terms of the agreement were not disclosed.

"Were pleased that Syngenta is acquiring Monsantos global sunflower assets and will continue to provide farmers with high-quality hybrid sunflower seed," said Carl Casale, Monsantos Executive Vice-President of Strategy and Operations. "Monsanto remains fully focused on our seeds and traits platforms core crops to fuel our companys future growth through yield and innovation."