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Monsanto to invest in seed businesses


Published :
Tue, 22 May 2007 23:40
By : Agencies
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ST. LOUIS (AP) - Monsanto Co., the world's largest seed company, said Tuesday it has formed a holding company to invest capital and technology in vegetable and fruit seed businesses.

The foundation of International Seed Group Inc. is Netherlands-based Western Seed, which specializes in tomato hybrids as well as other vegetable and fruit crops.

In January, International Seed acquired Poloni Semences, a Charentais melon breeding company based in France.

Monsanto shares fell 86 cents to $60.97 Tuesday.

Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.




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