Investment Summary

DuPont Invests In Pioneer Hi-Bred International

On March 16, 1999, DuPont invested in agriculture company Pioneer Hi-Bred International for 7.7B USD

Investment Highlights
  • This is DuPont’s 2nd transaction in the Agriculture sector.
  • This is DuPont’s largest (disclosed) transaction.
  • This is DuPont’s 4th transaction in the United States.
  • This is DuPont’s 2nd transaction in Iowa.

Investment Summary
Date 1999-03-16
Target Pioneer Hi-Bred International
Sector Agriculture
Investor(s) DuPont
Deal Type Stake Purchase
Deal Value 7.7B USD

Target

Pioneer Hi-Bred International

Johnston, Iowa, United States
website
Pioneer Hi-Bred International, Inc., we nurture relationships to build mutually successful outcomes by listening to customers, walking their fields and sharing technical resources to develop individualized solutions. Pioneer is working on new traits and using new technologies that will help bring farmers the greatest value and ultimately benefit the entire food and energy value chain.

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Investor(S) 1

Investor

DuPont

Wilmington, Delaware, United States

website

Category Company
Founded 1802
Sector Chemicals
Employees23,000
Revenue 13.0B USD (2022)
DESCRIPTION
Entrance to DuPont's corporate headquarters in Wilmington, Delaware.
Entrance to DuPont's corporate headquarters in Wilmington, Delaware.

DuPont is a global chemicals provider and is involved across a range of disciplines, including agriculture and industrial biotechnology, chemistry, biology, materials science and manufacturing. DuPont operates globally and offers a wide range of innovative products and services for markets including agriculture and food, building and construction, electronics and communications, general industrial, and transportation. DuPont is based in Wilmington, Delaware.

DEAL STATS #
Overall 4 of 19
Sector (Agriculture) 2 of 2
Type (Stake Purchase) 1 of 3
State (Iowa) 2 of 2
Country (United States) 4 of 16
Year (1999) 1 of 1
Size (of disclosed) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-09-28 Conoco

Houston, Texas, United States

Conoco, Inc. is an oil/gas exploration company.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-10-02 Dupont Pharmaceuticals Company

Wilmington, Delaware, United States

DuPont Pharmaceuticals Company is a life science company that produces a variety of drugs. These include SUSTIVA, a non-nucleoside reverse transcriptase inhibitor for the treatment of HIV/AIDS; COUMADIN, a widely-used oral blood anticoagulant; and CARDIOLITE(R), a cardiovascular medical imaging agent. DuPont Pharmaceuticals Company was formed in 1991 and is based in Wilmington, Delaware.

Sell $7.8B
Mergr

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