Sale allows COFCO to focus on grains, oilseeds and sugar.
BASEL, SWITZERLAND — Syngenta on Feb. 7 completed the acquisition of Nidera Seeds from COFCO International. Financial terms of the transaction, which was first announced in November 2017, were not disclosed.

Nidera Seeds plays a key role in the South American seeds market, offering diverse crops and a pool of proprietary germplasm in key South American countries, including Brazil, Argentina, Uruguay and Paraguay.

“Having Nidera Seeds under the leadership of Andre Dias become part of our business is very exciting,” said Erik Fyrwald, chief executive officer of Syngenta. “Nidera Seeds has great germplasm, a strong R&D pipeline and broad footprint across the region. We welcome the passionate and capable Nidera Seeds team into the business and look forward to achieving great things as one team.”

Johnny Chi, CEO of COFCO International, said the sale of Nidera Seeds allows COFCO to further strengthen its focus on grains, oilseeds and sugar.

“Nidera Seeds has significant growth potential and we believe Syngenta will continue to develop the business with a beneficial outcome for all stakeholders,” Chi said.