Monsanto reported the sale of Monsanto Oil.
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The company said it sold the unit, which has oil and natural gas interests in the United States, Canada and Colombia, to Broken Hill Proprietary Co. of Australia for $745 million. The sale involved Monsanto Oil Co., Monsanto Oils Ltd. and partnership interests in a Canadian syndicate. Monsanto announced in July that it planned to sell its oil and gas assets following its agreement to buy G. D. Searle & Co. for $2.8 billion.
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