Monsanto plans to move headquarters from US to UK

‘Monsanto, the US seed and agrochemicals group known for its genetically modified crops, wants to switch its headquarters from the US to the UK as part of a complex merger deal designed to unlock tax savings for shareholders.

The group, which was founded in St Louis, Missouri in 1901, is circling Swiss rival Syngenta with a so-called “corporate inversion” proposal that would involve setting up a new UK company.

Such inversions have been closely associated with aggressive tax planning, although sources close to Monsanto claimed tax was not the company’s main motivation.’

Read more: Monsanto plans to move headquarters from US to UK