COFCO International completes seeds divestment

COFCO International completes seeds divestment

COFCO International announced today that it has completed the sale of Nidera Seeds to Syngenta.

Nidera Seeds is an important player in the South American seeds market, diversified across crops, with a pool of proprietary germplasm and a relevant presence in key South American countries including Brazil, Argentina, Uruguay and Paraguay. These capabilities will enhance Syngenta’s ability to be competitive in seeds and bring more value to its customers.

Erik Fyrwald Syngenta CEO said: “Having Nidera Seeds under the leadership of Andre Dias become part of our business is very exciting. Nidera Seeds has great germplasm, a strong R&D pipeline and broad footprint across the region. We welcome the passionate and capable Nidera Seeds team into the business and look forward to achieving great things as one team.”

“This transaction allows us to further strengthen our focus on grains, oilseeds and sugar,” said Johnny Chi, CEO of COFCO International. “Nidera Seeds has significant growth potential and we believe Syngenta will continue to develop the business with a beneficial outcome for all stakeholders.”