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Slide #47. Syngenta — MRI Seed Zambia Ltd and MRI Agro Ltd
Acquirer:
Syngenta (NASDAQ:SYT)
Acquiree:
MRI Seed Zambia Ltd and MRI Agro Ltd
Details:
Syngenta announced today that it will acquire MRI Seed Zambia Ltd and MRI Agro Ltd ("MRI"), a leading developer, producer and distributor of white corn seed in Zambia. The white corn market has high growth potential and the crop is critical to Africa's future food security.
Syngenta is a global agribusiness based in Switzerland. Co. is involved in the discovery, development, manufacture and marketing of a range of products designed to improve crop yields and food quality. In addition, Co. is engaged in the manufacture of "Professional Products", through the development of products for markets such as Lawn and Garden, Professional Pest Management, Vector Control and Public Health. Co. operations are organized in two divisions: Crop Protection (herbicides, insecticides, fungicides and seed treatments to control weeds, insects and diseases in crops) and Seeds businesses (seeds for field crops, vegetable and flower seeds and high-quality pot and bedding plants).
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