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.
- Farmers lift blockade on ELF depot, FWi, 22 October, 1999
- Financial Times 22/11/99 page 26