Brazil Court Denies Monsanto Bid to Halt Seed Licensing to Bankrupt Firm

Brazil Court Denies Monsanto Bid to Halt Seed Licensing to Bankrupt Firm
The Brazilian national flag is seen next to Bayer's flag in front of Bayer headquarters in Sao Paulo, Brazil, on Oct. 4, 2017. REUTERS/Paulo Whitaker
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SAO PAULO—A Brazilian appeals court denied a request this month by Monsanto’s local unit to suspend licensing of its popular Intacta soy seed technology to privately owned seed maker Sementes Talismã, according to a ruling seen by Reuters.

Monsanto sought to suspend the licensing of the genetically modified seed technology after Talismã filed for bankruptcy protection in January, one of the seed maker’s lawyers, Daniel Amaral of DASA Advogados in São Paulo, said.