May 23, 2006
Syngenta's cottonseed assets sold to US seed company
US seed company Delta and Pine Land acquired Syngenta AG's global cotton seed business.
Financial terms were not disclosed.
The Scott, Mississippi, breeder of cotton-planting seed said the business is comprised of operations and assets in India, Brazil, Europe and certain cotton germplasm in the US.
The primary assets involved consist of conventional and transgenic germplasm containing Syngenta's VipCot insect-resistant cotton genes. Delta & Pine Land acquired a license to VipCot in 2004 and expects to commercialise varieties containing these traits in 2008 or 2009, subject to regulatory approvals.
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