date:Aug 01, 2013
U.S. chemical and seed company DuPont said on Wednesday it completed its three-year effort to buy a majority stake in South Africa's largest seed company, overcoming that country's stiff opposition to the foreign ownership with pledges to keep a rein on pricing and to aid small South African farmers.
The deal with privately held Pannar Seed Ltd, a 55-year-old seed company, should provide immediate financial gain to DuPont, with new products expected to be on the market in August and September,