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    Breaking News

    Bayer Sells €1M of Stake in Covestro

    ...

    Bayer Sells €1M of Stake in Covestro
    10.06.17
    Bayer's stake in Covestro is under 25 percent after selling €1 million ($1.2M) of its shares, according to Reuters. 

    Bayer is trying to complete a $66 billion take over of Monsanto  by year's end, per Reuters.

    Bayer had already sold three separate blocks of shares in Covestro this year for €3.7 billion, Reuters reported.
     
    “Through the move, we have taken a major step toward our goal of achieving full separation from Covestro in the medium term,” Chief Executive Werner Baumann said in a statement.
     
    Bayer MaterialScience began operating under the Covestro name back on Sept. 1, 2015. 





    Photo courtesy Bayer.com
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