Report: Bayer weighing sale of $10B plastics unit

|About: Bayer A.G. ADR (BAYRY)|By:, SA News Editor

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.