Syngenta to gain some Lantmannen seed business
Syngenta has agreed to acquire the winter wheat and winter oilseed rape breeding and business operations from the Swedish group, Lantmännen, in Germany and Poland. The companies will also enter into an R&D collaboration for wheat and Lantmännen will distribute Syngenta cereal and winter oilseed rape seed in Sweden. The deal will support the continued development of hybrid cereals to growers worldwide, the companies point out. The transaction is subject to approval by the German competition authority. It is expected to close in July.