Monsanto + Syngenta, Agribusiness giants get even bigger
http://www.counterpunch.org/2016/01/08/monsanto-syngenta-agribusiness-giants-get-even-bigger/
By Carmelo Ruiz
A merger between agricultural biotech giants Monsanto and Syngenta is becoming likelier by the minute. The proposed merger has generated much commentary and speculation in the business world as well as among anti-GMO activists since the resulting corporation would control 45% of the global seed market and 30% of the agrochemical market (1).
In 2015 the US-based Monsanto tried to buy Syngenta twice, and was twice spurned by the European corporation. But Monsanto is not the only suitor. Syngenta has also been courted with similar buyout bids by Germany’s BASF and Asian corporate colossus ChemChina.
By Carmelo Ruiz
A merger between agricultural biotech giants Monsanto and Syngenta is becoming likelier by the minute. The proposed merger has generated much commentary and speculation in the business world as well as among anti-GMO activists since the resulting corporation would control 45% of the global seed market and 30% of the agrochemical market (1).
In 2015 the US-based Monsanto tried to buy Syngenta twice, and was twice spurned by the European corporation. But Monsanto is not the only suitor. Syngenta has also been courted with similar buyout bids by Germany’s BASF and Asian corporate colossus ChemChina.
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