Corteva to split into two public companies via tax-free spin-off by H2 2026

Corteva, Inc.

Board unanimously approved plan to separate into two independent public companies via tax-free spin-off expected in H2 2026.
New Corteva (Crop Protection) estimated 2025 net sales $7.8B (44%); SpinCo (Seed) $9.9B (56%).
CEO Chuck Magro to lead SpinCo; Chair Greg Page to become Chair of New Corteva.
Full-year 2025 guidance reaffirmed; 2027 value framework intact.
Lazard and Morgan Stanley serving as financial advisors; Cravath as legal advisor.

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