22 November 1999
Elf to sell fungicide unit

ELF-AQUITAINE, the French oil company recently taken over by TotalFina, has appointed Deutsche Bank to sell its international crop protection chemicals business.

Ato Agri is valued at about US$200 million and is part of Elf Atochem, a chemicals business with global sales of $10bn.

The offshoot is focused on fungicides and produces chemicals that kill fungus on fruit and vegetables. It has global operations in Europe, North America and Latin America.