Monsanto Invest in Sugarcane for Ethanol November 4, 2008
Aly Participacoes operates the sugarcane breeding and technology companies, CanaVialis S.A., the world’s largest private sugarcane breeding company, and Alellyx S.A., an applied genomics company that is focused on developing biotech traits primarily for sugarcane. Both are based in Brazil, the world’s largest producer of sugar and the world’s second-largest producer of ethanol, after the United States.
Monsanto intends to retain the leadership and the 250 employees at the two companies.
Monsanto’s acquisition of Aly Participacoes from Votorantim Novos Negocios and its sister company, Votorantim Industrial S.A., will be consummated with existing excess cash. Both Votorantim Novos Negocios and Votorantim Industrial are part of the Brazilian industrial conglomerate, Votorantim Participacoes S.A. commonly referred to as the Votorantim Group. The transaction will be completed as soon as practical.
- Posted in : General
- Author : freshair
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