Syngenta sells herbicide business to Bayer

Bayer's takeover of Syngenta's herbicide business shouldn't cause any anti-trust headaches Keystone Archive

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

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