PIONEER / PANNAR SEED MERGER APPROVED BY THE COMPETITION APPEAL COURT

Wednesday, June 20, 2012
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After being prohibited by the Competition Commission in 2010 and by the Competition Tribunal in 2011, the proposed acquisition by Pioneer Hi-Bred International (“Pioneer”), a US based multinational seed producer (controlled by Du Pont) of locally based seed company, Pannar Seed (“Pannar”) was conditionally approved yesterday by the Competition Appeal Court (“CAC”).

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