Bayer sells further 6.9% Covestro stake for EUR 1 billion, ceding control

Bayer sold a further 6.9 percent of Covestro shares for EUR 1 billion, reducing its direct stake to 24.6 percent and ending control via a control termination agreement effective September 30, 2017.

“Through the sale of a further 6.9 percent of Covestro shares for EUR 1 billion, the direct interest held by Bayer AG has now been reduced to 24.6 percent.”bayer.com

• 1 source
• bayer.comBayer cedes control of CovestroSep 29, 2017

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