Corteva completes spin-off of seed business, becomes pure-play crop protection company

Hyderabad, Oct 5 (UNI) Corteva Inc on Monday announced the successful spin-off of its advanced seed and genetics business and said it would move forward as a pure-play global crop protection company. In a release, Corteva CEO Luke Kissam said the company would focus on innovation and operational excellence as it addressed evolving challenges in agriculture. The company said its crop protection business increased revenue by more than USD 1 billion between 2020 and 2025, while operating EBITDA margins expanded by around 250 basis points on a segment basis. During the period, Corteva also established a biologicals and natural products…