Australia
September 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. 

Website: http://www.monsanto.com.au

Published: September 13, 2016