Monsanto Acquires 49% Stake In Brazil Cotton Seed Co
March 04 2009 - 8:34AM
Dow Jones News
Agribusiness company Monsanto Co. (MON) acquired a 49% stake in
Brazilian cotton seed company MDM Sementes de Algodao Ltda for an
undisclosed amount, Monsanto said.
Monsanto has had a stake in MDM since 2007 when it acquired
agribusiness biotech company Delta & Pine Land.
Monsanto sells its Bollgard brand of genetically modified cotton
seeds to Brazilian farmers.
Brazil is a mid-sized cotton producer. Its cotton farmers became
well-known after multiple victories in a dispute against U.S.
cotton subsidies at the World Trade Organization, a case that began
in 2002.
-By Tony Danby, Dow Jones Newswires; 55-11-2847-4523;
Anthony.Danby@dowjones.com
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