Report: Bayer weighing sale of $10B plastics unit

Bayer (BAYRY, BAYZF) is exploring a sale of its $10B plastics unit to focus on expanding its health business, according to a Bloomberg reports.

Bayer reportedly is considering the options for Bayer Material Science after crosstown chemicals company Evonik (EVKIF) showed potential interest several months ago.

A sale of the plastics unit would take time to carve out and would coincide with a push by Bayer to make acquisitions to broaden its drug and life-science offering.

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Comments (1)
  • SSnape
    , contributor
    Comments (620) | Send Message
    I only hope that BAYRY does not make the same mistake that I believe DD is making- divesting profitable material science/chemical assets to further consolidate its' "eggs into one basket".


    Long: BAYRY and DD.
    28 Apr 2014, 04:59 PM Reply Like
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