DuPont Bid for Majority Stake in Pannar Seed Denied

DuPont says the South African Competition Tribunal (Johannesburg) has rejected its bid to buy a majority stake in Pannar Seed (Greytown, South Africa), Africa’s largest seed firm. The tribunal upheld a prior Competition Commission decision made in December 2010. DuPont’s Pionner Hi-Bred seed business announced the deal in September 2010. DuPont says the deal would allow each business to access additional regions, reach more customers, and deliver improved seed products. The deal was also intended to give Pannar access to Pioneer’s genetics library and maize...

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