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7-Misc: Monsanto tries to enter Zimbabwe's cotton seed market



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TITLE:  Monsanto stake in $150million cotton deal in Zimbabwe
        unclear
SOURCE: Zimbabwe
DATE:   April 23, 1999

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MONSANTO STAKE IN $150 MILLION COTTON DEAL IN ZIMBABWE UNCLEAR 

The Zimbabwe Government refused to endorse the proposed 51% Monsanto share of a $150 million GE cotton seed venture. The Government was advised by the Zimbabwe Cotton Company (Cottco, of which the government owns 25%) to reject the proposal for the controlling share of the new venture, New Donje Seed Company. Apparently, the government had hoped for a Cottco, Commercial Cotton Growers Association and Staple Trust control in the venture. In what seems to be an about-face, however, Cottco now seems poised to accept the share structure that would give Monsanto the upperhand.  



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