Bayer Sells $3.4 Billion Stake in Contraceptives Arm to Apollo

🇩🇪 Bloomberg (DE) —

AI Summary

Bayer AG has sold a minority stake valued at $3.4 billion in its contraceptives business to Apollo Global Management. The transaction proceeds will aid Bayer in strengthening its capital structure.

Bayer AG sold a minority stake in its contraceptives business to Apollo Global Management Inc. for €3 billion ($3.4 billion) and will use the funds raised to improve its capital structure.

Markets Deals Bayer Apollo Global Management contraceptives stake sale capital structure finance

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