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Sinochem to acquire Monsanto Asia brands

Monsanto has agreed to sell off its butachlor and alachlor herbicide businesses in India, the Philippines, Thailand, Vietnam, Taiwan, Pakistan and Bangladesh, to the Singapore-registered subsidiary of the Chinese agricultural supplies company, Sinochem International (Shanghai). As part of the deal, Monsanto India's (MI) butachlor and alachlor assets are being transferred at a total consideration of around Rs 330 million ($8.4 million). The total value of the Asia deal remains undisclosed.


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