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Pioneer acquisition of Pannar to go ahead

The proposed majority acquisition of a South African seed supplier by DuPont seed subsidiary DuPont Pioneer is set to go ahead. The South African Supreme Court of Appeal has rejected a leave to appeal from the country’s Competition Commission against a ruling earlier this year from a lower court, approving the deal. Pioneer and South African seed company Pannar Seed (Greytown) agreed the acquisition two years ago ( Agrow No 600, p 3).

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