Global agriculture technology leader Corteva plans to separate the company into two independent, publicly traded companies, one comprising its current Crop Protection business ("New Corteva") and the other comprising its current Seed business ("SpinCo"). If approved by regulators, the transaction may close in the second half of 2026.
Upon separation, current Corteva chair Greg Page will become chair of New Corteva; current Corteva CEO Chuck Magro will become CEO of SpinCo.
"The seed and crop protection markets have evolved, and as a result, we see the opportunities ahead for both companies diverging,” says Corteva CEO Chuck Magro. “This is the right time to act to stay ahead of the market. This separation will allow both businesses to maximize long-term value creation by focusing on their own priorities. As such, we see this separation as the logical next step in their growth trajectory."
Over the past few years, with its focus on efficiency and differentiation, the business that will become New Corteva has been a strong performer in an industry experiencing intensifying competition. Today, while the industry is well supplied - not only in production and capacity, but also with market participants - the market continues to value effective, differentiated technology, and this focus will help the company continue to stand apart from its peers.
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