Gleiss Lutz has advised Syngenta International on its acquisition of the Swedish Lantmannen Group’s winter wheat and winter oilseed rape businesses in Germany and Poland.
The transaction was organized as an auction process and structured as a combined asset and share deal. The amount of the transaction was not disclosed. As part of the transaction, Syngenta and Lantmannen will also enter into an extensive strategic R&D collaboration with Lantmannen in wheat, and Lantmannen will distribute Syngenta cereals and seeds in Sweden.
Syngenta is a Swiss agribusiness selling seeds and agrochemicals, as well as being involved in biotechnology and genomic research. It was formed in 2000 by the merger of Novartis Agribusiness and Zeneca Agrochemicals. The company employs over 28,000 people in over 90 countries, though over half of its sales are in Emerging Markets.
