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 also: Bayer to invest $ 300 million in the creation of new businesses
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