DuPont gains hard-fought majority stake in South Africa seed company
date:Aug 01, 2013


DuPont appealed the rejection by regulators and ultimately convinced South African officials to allow the transaction under certain conditions, including pledges by DuPont and Pannar to keep a lid on price increases for some new products for at least three sales seasons.

As well, Pioneer and Pannar pledged to keep in place for three years the maize hybrids currently marketed by Pannar, and to retain Pannar's current and replacement hybrid maize seeds and other maize varieties ordinarily sold
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