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Vilmorin plays down interest in Syngenta vegetable seeds unit

Oct 6 France's Vilmorin confirmed on Tuesday it would look at Syngenta's vegetable seeds business if the Swiss company were to sell but stressed that the benefits were not obvious and the price might be too high.

Vilmorin, the world's second-largest vegetable seeds producer, is facing pressure to say whether it will bid for Syngenta's equivalent business.

The Swiss group, whose main business is making pesticides, needs to offer tangible rewards to shareholders after it turned its back on a $47 billion bid from Monsanto. Vilmorin had said in July it would consider Syngenta's seed assets after Monsanto said it would divest them to win regulatory approval for its proposed takeover.

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