Bayer asks Rothschild to advise on plastics Business flotation-sources

摘要

BAYER has appointed investment bank Rothschild to advise on the German drugmaker's plan to list its plastics business, in a deal that could value the unit at about 10 billion euros ($13 bin), sources familiar with the situation said. Bayer's chief executive Marijn Dekkers said rcently that the divestment of the MaterialScience unit, which may be rebranded before a listing, will free up money for investment in Bayer's healthcare, veterinary drugs and crop protection businesses.