Monsanto is promising to sell Syngenta’s seed business and
related technologies if it succeeds in its efforts to buy the Swiss company.
Monsanto is already the world’s largest seed company.
“We intend to make this a really clean deal… really easy to
get done,” Monsanto president Brett Begemann said in a presentation to
investors.
He said U.S.-based Monsanto is confident it can address all
regulatory concerns about a combination of the agrichemical and seed giants.
Syngenta already has rejected a $45 billion US offer, but
Monsanto is still trying to make the purchase.
“We made an offer,” said Begemann. “They rejected that
offer, we continue to talk and we’ll continue to talk with them and see where
we move this along to.”
He said if Syngenta continues to reject an offer, Monsanto
is “not precluded from developing relationships with other chemical suppliers.”
