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Biotech / Medical : Monsanto Co. -- Ignore unavailable to you. Want to Upgrade?

To: Anthony Wong who wrote (1656)	3/17/1999 7:02:00 PM
From: Anthony Wong	Respond to of 2539

Japan Tobacco, Zeneca to Ally on Farm Products, Nikkei Says Bloomberg News March 17, 1999, 6:06 p.m. ET Tokyo, March 18 (Bloomberg) -- Japan Tobacco Inc., Japan's only tobacco company, will form a joint venture with Zeneca Group Plc of U.K. to develop genetically engineered agricultural products, the Nihon Keizai newspaper said, without citing sources. The joint venture, capitalized at about 10 billion yen ($84.75 million), will develop a high-yield rice crop and other farm products. JT and Zeneca are seeking to compete with Monsanto Co. in the marketing of agricultural products in Asia. Japan Tobacco, two-thirds owned by Japan's government, said last week it will pay $7.8 billion in cash and assume $200 million in debt for RJR Nabisco Holding Corp.'s international tobacco business. (Nihon Keizai, 3/18, front page)(www.nikkei.co.jp) --Tak Kumakura in the Tokyo newsroom (813) 3201-8963/jt