German venture buys Cargill's seed operations
Article Abstract:
Berlin, Germany-based AgrEvo GmbH has agreed to definitive deal for a $650-million buy of Cargill Inc.'s seed operations in North America, which generates sales of $106 million a year. AgrEvo is an upstart crop biotechnology joint venture of Hoechst AG and Schering AG that is in need of a seed business to deliver its genes to farmers. The firm made large spendings in recent year for the development of genetic engineering capabilities and failed to secure other seed properties, while facing a threat of being shut out of US' market. Cargill's breeding operations for sorghum, sunflowers and alfalka will also be acquired by AgrEva sa part of the deal.
Comment:
Agrees to $650-million acquisition of Cargill's seed operations in North America, which generates sales of $106 million a year
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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Brazil's Universo weighs IPO in U.S
Article Abstract:
Universo Online of Brazil is planning to implement an initial public offering (IPO) in the US before the end of 1999. The service claims it is the largest portal and Internet service provider in Brazil.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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Brazil court blocks biotech seeds made by Monsanto
Article Abstract:
Monsanto Co. has been blocked from selling genetically modified seed to the soybean farmers of Brazil. The ruling closes for another year what is potentially a big market for crop biotechnology.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2000
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