DES MOINES, Iowa, and JOHANNESBURG, South Africa– The South African Competition Tribunal has denied Pioneer Hi-Bred’s proposal to purchase a majority stake in South African-based seed company Pannar Seed Limited.
El tribunal confirmó una decisión de la Comisión de Competencia en diciembre de 2010 de bloquear la transacción propuesta por la empresa DuPont y Pannar.
“We still believe this transaction is in the best interests of both companies, their employees and their customers in South Africa and throughout Africa,” the companies said in a statement. “We will be studying the detail of the decision and will decide on any future action.”