Bayer’s shares have suffered on the back of legal setbacks related to its acquisition of Monsanto.
“We look forward to seeing the brand taken to the next level of success under Yellow Wood’s ownership,” board member Heiko Schipper said, praising its “exciting pipeline of innovative products”. After taking over US seeds and pesticides giant Monsanto for US$63 billion last year, the Leverkusen-based group is reorganising itself around its core businesses and biggest earners in agrichemicals and prescription pharmaceuticals.
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