InterGrain Change in Ownership

9/12/2016

 

Monsanto Company has exited its minority shareholding in Australian wheat breeding company, InterGrain, effective 31st August 2016. The decision was taken as part of an ongoing review of strategic business opportunities.

InterGrain’s two remaining shareholders, Grains Research Development Council (GRDC) and the West Australian Agriculture Authority (WAAA), have purchased Monsanto’s 26 percent equity stake.

Monsanto’s exit from the business has been a well-planned and amicable process. The Collaboration Agreement between Monsanto and InterGrain will continue for the short term, enabling InterGrain to finalise breeding program work undertaken in 2016.

Monsanto believes that its
focused investment on new technology platforms – such as new Herbicide Tolerant (HT) canola traits, soil microbials and data science -- will continue to add value to Australian grain growers.

Monsanto is committed to delivering innovative technology platforms to help Australian grain growers remain globally competitive and sustainably produce quality food & fibre for a growing world.

InterGrain’s press statement can be found here.

About Monsanto Company
Monsanto is committed to bringing a broad range of solutions to help nourish our growing world. We produce seeds for fruits, vegetables and key crops – such as corn, soybeans, and cotton – that help farmers have better harvests while using water and other important resources more efficiently. We work to find sustainable solutions for soil health, help farmers use data to improve farming practices and conserve natural resources, and provide crop protection products to minimize damage from pests and disease. Through programs and partnerships, we collaborate with farmers, researchers, nonprofit organizations, universities and others to help tackle some of the world’s biggest challenges. To learn more about Monsanto, our commitments and our more than 20,000 dedicated employees, please visit: 
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