Bayer to Sell Environmental Science Professional Business
February 24 2021 - 11:15AM
Dow Jones News
By Pietro Lombardi
Bayer AG has decided to sell its Environmental Science
Professional business as part of changes to implement the strategy
of its Crop Science division
The German pharmaceutical and chemical conglomerate said
Wednesday that the business had sales of around 600 million euros
($729.1 million) in 2019, adding that the divestment will help the
division focus on its core agricultural business.
The company also announced some leadership changes, including
the appointment of Jacqueline Applegate to lead the Crop Science
North America region starting in March.
"With the announced portfolio and leadership changes, and
important new product approvals for soybeans, corn and cotton in
the Americas, we are now shifting gears from integration to growth
acceleration," Liam Condon, president of the Crop Science division,
said.
Write to Pietro Lombardi at pietro.lombardi@wsj.com;
@pietrolombard10
(END) Dow Jones Newswires
February 24, 2021 11:00 ET (16:00 GMT)
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