DuPont's Pioneer Hi-Bred business says it has purchased a majority share of Pannar Seed Limited (Greytown, South Africa), the largest seed company in Africa, for an undisclosed sum. DuPont says the deal will allow each business to access additional crop areas, reach more customers and deliver improved seed products quicker than either can do on its own. The deal also gives Pannar access to Pioneer's genetics library and maize breeding and biotechnology capabilities. Pioneer has developed maize products specifically for African region. Pannar operates seed businesses in nine countries in Africa, including South Africa, and sells through marketing networks into nine other African countries.
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