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RPG to sell out of the erstwhile Searle, says its restructuring - Views on News from Equitymaster
 
 
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  • Jan 1, 2000

    RPG to sell out of the erstwhile Searle, says its restructuring

    The RPG group has decided to put the agro–chemical unit of RPG Life Sciences on the block.

    The agrochemical unit belongs to the erstwhile Searle was taken over by RPG. Internationally, Searle has merged with Monsanto, which has had a presence through three companies in India.

    The agro–chemicals is itself undergoing a massive change with agro–chemical companies such as Monsanto, Aventis and Syngenta using biotech for discovery of pest–resistant seeds themselves.

    RPG Life Sciences had a relatively older product portfolio and has been finding it difficult to compete with the likes of Agrevo and Novartis in the domestic market. The group earlier also had an 18% stake in Bayer, which was sold to Bayer’s international parent.

    The management has however claimed that the unit is not up for sale but it is merely looking to add value through a technology tie–up. The problem apparently seems is that the group has been unable to find a buyer.

     

     

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