• Written on 18.09.2014 - Industry
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Bayer plans to separate MaterialScience unit

Bayer AG has announced its plans to divest the MaterialScience business. The company said it wants to focus on life science with its business units HealthCare and CropScience.

The MaterialScience unit is estimated to have a value of around EUR 8 billion. The portfolio comprises the three units Polyurethanes, Polycarbonates, and Coatings, Adhesives, Specialties.

The plan was decided by the Board of Management on 2 September already, and remains subject to the approval of the Supervisory Board. Bayer said that further information will be released when the Supervisory Board has reached its decision.


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