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DuPont gets green light on Pannar bid

DuPont seed subsidiary Pioneer Hi-Bred International has won approval for its takeover of the South African seed supplier, Pannar Seed (Greytown). The South African Competition Appeal Court has conditionally overturned the previous competition authority rulings blocking the acquisition ( Agrow No 638, p 2). No financial terms have been disclosed, but the companies’ deal was for Pioneer to take an 80% controlling stake in Pannar ( Agrow No 606, p 23)..


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