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DuPont Bid for Pannar Denied

10:29 AM MDT | October 14, 2011 | Rebecca Coons

DuPont says the South African Competition Tribunal has rejected its bid to buy a majority stake in Pannar Seed (Greytown, South Africa), Africa’s largest seed firm. The Tribunal upheld a Competition Commission decision made in December 2010. DuPont’s Pionner Hi-Bred seed business announced the deal in September of last year. The company said the transaction would allow each business to access additional crop areas, reach more customers, and deliver improved seed products quicker than either could do on its own. The deal was also intended to give...

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