Vylor spun from Corteva, receives Pioneer Hi-Bred seed business

Corteva completed a spinoff of its seed business (Pioneer Hi-Bred International) into newly public Vylor on October 1, 2026, issuing 667 million shares to Corteva shareholders and assuming ~$1.6 billion in debt. This is a major corporate separation creating a standalone publicly traded company with a core operating business.

Corteva spun off its seed-breeding division as a new public company called Vylor, transferring Pioneer Hi-Bred and related debt to the new entity in exchange for shares distributed to existing Corteva owners.