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Published June 16, 2014, 03:39 PM

Syngenta buys parts of Lantmaennen’s business in Germany, Poland

Syngenta AG has agreed to buy Swedish food, energy and agriculture group Lantmaennen’s winter wheat and oilseed rape breeding and business operations in Germany and Poland.

By: Reuters,

ZURICH — Syngenta AG has agreed to buy Swedish food, energy and agriculture group Lantmaennen’s winter wheat and oilseed rape breeding and business operations in Germany and Poland.

The companies did not disclose financial details of the transaction, which is expected to close in July, pending approval by the German competition authority.

The world’s largest maker of crop chemicals says the deal would strengthen its position in the German and Polish cereals and oilseed rape markets. The two companies will also establish a research and development program focused on wheat.

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