NEWS
Tue Jan 29, 2013 11:24 AM CST

FRANKFURT (Dow Jones) -- BASF SE has given up seeking approval for genetically modified potatoes in Europe, the German chemical company said Tuesday, after concerted opposition from consumers, farmers and lawmakers.

BASF said it will "discontinue the pursuit of regulatory approvals for the Fortuna, Amadea, and Modena potato projects in Europe because continued investment cannot be justified due to uncertainty in the regulatory environment and threats [over the destruction of crops]."

Environmental activists have destroyed genetically modified crops on fields in Europe for fears they might harm health and erode biological diversity.

BASF also said it will continue its crop ...

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