Advanta Netherlands Holdings BV, the parent company of the Advanta Group, announces that it has reached an agreement to sell its European field crop business to Limagrain. Advanta will retain its global sugarbeet business unit and its Australia, Asia and South America businesses including joint ventures.

The sale includes Advanta's European maize, grasses, cereals, winter oilseed rape, sunflowers, onions, peas and rootseeds businesses, and also extends to include the grasses breeding and outlicensing business unit in Albany, Ore., and the North American sunflower business unit, located in Fargo, N.D. The acquired business will continue to have access to the Advanta trademark where relevant for divested crops in their territories.

Source: Company Release