Bayer Starts Talks on Chemicals JV; May Exit Some Businesses

摘要

Bayer says it has received approaches from potential merger partners for its chemicals business, and from companies interested in entering cooperation partnerships with individual chemical business units. "We are talking to more than two companies," says Martin Wienkenhover, Bayer's general manager/basic and fine chemicals. Bayer recently announced plans to become a holding company with four independent subsidiaries-Bayer Chemicals. Bayer CropScience, Bayer Healthcare, and Bayer Polymers-and to seek a partner or partners for Bayer Chemicals (CW. April 3, p.12).