| Business Summary | | Bionova
Holding
Corporation
acts
as
a
holding
company
for
its
80%-owned
subsidiary,
Agrobionova,
S.A.
de
C.V.
(ABSA),
and
its
wholly
owned
subsidiaries,
International
Produce
Holding
Company
(IPHC),
DNA
Plant
Technology
Corporation
(DNAP)
and
VPP
Corporation
(VPP).
Approximately
76.6%
of
the
outstanding
common
stock
of
the
Company
is
indirectly
owned
by
Savia,
S.A.
de
C.V.
On
December
28,
2000,
Bionova
entered
into
a
purchase
agreement
with
Savia
to
sell
its
ABSA
business
to
Savia.
This
purchase
includes
IPHC,
as
well
as
certain
assets
held
by
DNAP
or
its
subsidiaries,
including
the
brand
names
and
germplasm
being
used
in
connection
with
ABSA.
If
the
sale
is
approved,
the
Company
will
retain
only
the
research
and
development
business,
and
focus
on
its
functional
genomics
activity. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | BVA
is
a
holding
company
for
Agrobinovia,
S.A.
de
C.V.
(grows
fruits
and
vegetables
in
Mexico),
International
Produce
(marketing
and
distribution),
DNA
Plant
Tech.
Corp.
and
VPP
(agribusiness
biotechnology
companies).
For
the
six
months
ended
6/30/01,
revenues
fell
56%
to
$942
thousand.
Net
loss
from
continuing
operations
and
before
extraordinary
item
rose
16%
to
$13.9
million.
Results
reflect
reduced
revenues
from
the
Seminis
contract
and
lower
royalty
revenues,
and
a
$2.1
million
impairment
charge. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Bernardo Jimenez, 46 CEO
and Chairman | $479K | Arthur Finnel, 49 Exec.
VP, Treasurer, CFO | 343K | Jorge Fenyvesi, 49 Exec.
VP- Planning and Bus. Devel. | 463K | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|