Bayer: completes sale of 60% stake in Currenta
(CercleFinance.com) - Bayer on Friday said that it has completed the sale of its 60% stake in chemical park operator Currenta to the world's largest infrastructure investor, which is managed by the Australian bank Macquarie.
The German chemical giant and Macquarie Infrastructure and Real Assets (MIRA) entered into an agreement to this end back in August.
Bayer said it has decided to sell its stake because its position as a Chempark customer has changed following the carve-out of polymer unit Covestro, with it now increasingly focusing on its core businesses.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The German chemical giant and Macquarie Infrastructure and Real Assets (MIRA) entered into an agreement to this end back in August.
Bayer said it has decided to sell its stake because its position as a Chempark customer has changed following the carve-out of polymer unit Covestro, with it now increasingly focusing on its core businesses.
Copyright (c) 2019 CercleFinance.com. All rights reserved.