Syngenta sells herbicide business to Bayer
The Swiss agribusiness, Syngenta, is selling its Mikado brand herbicides business in the European Economic Area (EEA) to Germany's Bayer.
This content was published on February 1, 2001
minutes
Bayer is to pay $106 million (SFR171 million) for the unit, which produces the sulcotrione herbicide, a key pest poison in maize production.
The sale is not likely to cause any problems with the European anti-trust authorities following the merger, which created Syngenta from Novartis' agribusiness and Zeneca Agrichemicals.
Mikado had global 1999 sales of $63.4 million, of which the EEA accounted for more than 90 per cent.
swissinfo with agencies
In compliance with the JTI standards
More: SWI swissinfo.ch certified by the Journalism Trust Initiative
Contributions under this article have been turned off. You can find an overview of ongoing debates with our journalists here. Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.