Bayer CropScience’s parent firm -- Bayer AG has signed a definitive agreement with global private equity firm Cinven to sell its environmental science professional business for $2.6 billion. The transaction is expected to close in the second half of this year, subject to the satisfaction of customary closing conditions. Its net proceeds are to be used to reduce Bayer's net financial debt.
This divestment represents a very attractive purchase price and allows the company to focus on its core agricultural business and the successful implementation of its Crop Science Division growth strategy.
Bayer CropScience is a world leader in the areas of crop protection pest control seeds and plant biotechnology. The company offers comprehensive solutions for modern sustainable agriculture and non-agricultural applications.
| Company Name | CMP |
|---|---|
| UPL | 665.00 |
| PI Industries | 3144.45 |
| Bayer CropScience | 4900.45 |
| Sharda Cropchem | 1109.70 |
| Sumitomo Chemical | 441.95 |
| View more.. | |
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