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Bayer sells pest control business for 2.4 billion euros

 Last Update: 2022-04-24
 Source: Internet
 Author: User

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German pharmaceutical and chemical giant Bayer announced on March 10 that it has agreed to sell its pest control business to private equity firm Cinven for $2.
6 billion
.

The transaction is expected to close in the second half of this year

Bayer said the deal will simplify the crop science unit's portfolio and ensure it is more focused on its core agricultural business
.

Bayer's Pest Control business provides environmental solutions for the control of pests and weeds in non-agricultural sectors such as vector control, professional pest management, vegetation management, forestry, turf and ornamental plants
.

In 2021, approximately 800 employees support operations and sales in more than 100 countries

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