Hugh Grant, CEO of Monsanto. (Monsanto)
Hugh Grant, CEO of Monsanto is travelling around Europe to convince the shareholders of the two companies of the need for a merger. Grant claims, in an interview in the Geneva Tribune, that some shareholders have shown an increased interest in the merger.
"The prospects are promising, because Syngenta and Monsanto complement each other fantastically," said Grant, a great potential for sustainable development and innovation.
After the merger Monsanto would not continue the range of Syngenta seeds, just as any other part of the company that overlaps with already existing branches of Monsanto. That would decrease the risks with regulatory requirements, said Grant.
Monsanto offers 40-billon dollars for Syngenta and a payment of 2 billion dollars if the merger should fail due to cartel regulations.