National Property Portfolio on Auction

National Property Portfolio on Auction
Loading

Pannar Seed, Pioneer Hi-Bred deal goes ahead

September 17 2012 at 08:00am

Comment on this story

Pannar Seed, Pioneer Hi-Bred deal goes ahead

Global agricultural group DuPont and South African seed company Pannar Seed received affirmation of approval on Friday to implement Pioneer Hi-Bred’s purchase of a majority share of Pannar. The Supreme Court of Appeal rejected a Competition Commission application seeking leave to appeal the May 28 Competition Appeal Court decision that approved the merger. The companies said the merger would allow each business to access additional crop areas, reach more customers and deliver improved seed products quicker and more efficiently than either could have done on their own. Pannar receives access to DuPont-owned Pioneer’s genetics library and its maize breeding and biotechnology capabilities, which will benefit its Africa operations and its operations in the US and Argentina. Pioneer will tap into Pannar’s expertise and reach across Africa and its maize genetics developed specifically for the region. – Staff writer


sign up
 
 

Comment Guidelines


  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

     

Join us on

 IOL-Social networks IOL-Social networks IOL-Social networks IOL-Social networks
IOL Travel

Make sure you find the best available airfares with our easy-to-use search engine.

Travel_pic_enw
Sudoku