Swiss company Syngenta announced that it will acquire Argentine company SPS. SPS is located in the Buenos Aires province and was established in 1972. With around 50 employees, they reported sales this year close to 15 million dollars. Argentina is the world’s third largest soybean producer, supplying 21% of the world’s soybeans. In 2007, roughly 48 million tons were harvested, mostly for export to Asia and Europe. Syngenta is a multinational agriculture business devoted to the production, marketing and sales of seeds such as soy, corn and sunflower, in addition to the research of seed technologies. The transaction has yet to be approved by Argentine financial authorities.
Via: EarthTimes
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