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MAI/Cibus in European crop trait deal

Makhteshim-Agan Industries (MAI) has formed a partnership with the US technology company, Cibus Global (San Diego, California), to develop crop protection traits for the European market. MAI will invest $37 million over five years, based on certain milestones, in a joint venture with Cibus to develop traits in five major crops with a European focus. In a separate deal, MAI will gradually acquire up to 50.1% of Cibus equity.

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