Monsanto acquires MDM Sementes de Algodao
Monsanto has acquired the Brazilian cotton seed company, MDM Sementes de Algodao (Uberlandia). Monsanto has had a stake in the firm since 2007 as part of its acquisition of the US seed firm, Delta and Pine Land ( Agrow No 521, p 1). It bought the remaining 49% holding in MDM this month. Monsanto’s aim is to expand its network of licensees in Brazil, it says. No financial details are yet available.