Bayer sells the part of its business

Bayer sells the part of its business

29.11.2016 News

Bayer AG  is going to sell the part of its business  in biotechnologies and productions of cotton  spheres. It is concerned the Crop Science  subsidiary Company. According to Liman Kondon, the company chairman, this industry sphere is money-making.  There is no reason in  finding buyers  to Buyer.

The decision was concluded by a pressure of the Anti-Monopoly authorities.  For the time being, they are conducting the agreement between the German Corporation and Monsanto Company. Cooperation agreement which was signed some days ago is estimated at 66 billion dollars.  With the purpose of the close transaction to the end of a year, Buyer has produced bonds in the amount of 4 milliard euros. The next step is separate details coordination with monitoring authorities.

Bayer AG shareholders are not ready  to estimate the previous cost of Crop Science Company at the moment. The main company  invests  in this business development about 10% of its income every year. It is more than 850 million euros. The Bayer Crop Science  posses the third place in the agricultural sphere.

Read alsoBayer to invest $ 300 million in the creation of new businesses

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