Monsanto acquires Agroeste Sementes, a leading Brazilian corn seed company, for slightly more than $100 million.

Monsanto acquires Agroeste Sementes, a leading Brazilian corn seed company, for slightly more than $100 million. Agroeste focuses on hybrid corn seed production and serves farmers throughout Brazil, the world's third largest corn production area.

The company also announces its Asian subsidiary has sold its hybrid rice, sunflower, sorghum and pearl millet businesses and certain other assets to Belgium-based Devgen nv for $26 million.