Oct. 1 at 3:48 PM
Corteva announced plans to split into two separate companies to enhance shareholder value. The current chemical business, retaining the Corteva name, will continue producing pesticides, fungicides, and herbicides, with projected 2025 net sales of
$7.8 billion, representing 44% of the current company’s total. A new company, SpinCo, will manage the seed business, estimated to generate
$9.9 billion in net sales in 2025. CEO Chuck Magro will lead SpinCo, while a new CEO for Corteva will be appointed later. The separation is expected to be completed in the second half of 2026.
This development continues the long DowDuPont breakup saga. Dow and DuPont merged in 2017 to form DowDuPont, which then split in 2019 into three companies: Dow, Inc., DuPont, and Corteva, combining Dow’s agricultural business with DuPont’s Pioneer seeds business.
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