DuPont business Pioneer Hi-Bred, one of the world’s leading agricultural businesses, and Pannar Seed (Pty) Limited, a South African-based seed company with operations throughout Africa and other parts of the world, were today given approval to implement their agreement for Pioneer to purchase a majority share of Pannar.
The South African Competition Appeal Court announced its approval of the transaction, overturning an earlier decision by the South African Competition Tribunal. Approval is subject to the companies meeting certain conditions and commitments.
Pioneer is based in Iowa.
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