Bayer to Sell Environmental Science Business for $2.6 Billion
March 10 2022 - 2:24AM
Dow Jones News
By Cecilia Butini
Bayer AG is selling its environmental science business to
private-equity firm Cinven for $2.6 billion, the company said
Thursday.
The business, which is called Environmental Science Professional
and is part of Bayer's agriculture division, focuses on pest and
disease control in nonagricultural settings, such as forestry.
Rodrigo Santos, who leads Bayer's Crop Science agriculture
division, said the divestment will allow the company to focus on
its core agricultural business and implementation of its growth
strategy.
Write to Cecilia Butini at cecilia.butini@wsj.com
(END) Dow Jones Newswires
March 10, 2022 02:09 ET (07:09 GMT)
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