Bayer to sell its environmental science professional biz to Cinven

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Capital Market
Last Updated : Mar 11 2022 | 10:31 AM IST

For consideration of USD 2.6 billion

Bayer and Cinven have entered into a definitive agreement regarding the sale of Bayer's Environmental Science Professional business for a purchase price of 2.6 billion U.S. dollars (2.4 billion euros), Bayer announced on Thursday. This divestment represents a very attractive purchase price and allows us to focus on our core agricultural business and the successful implementation of our Crop Science Division growth strategy, said Rodrigo Santos, Member of the Board of Management of Bayer AG and President of the Crop Science Division.

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First Published: Mar 11 2022 | 9:42 AM IST

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