Bayer divests Haarmann & Reimer
Leverkusen October 1, 2002 - Bayer AG, Leverkusen, has sold its non-core Haarmann & Reimer subsidiary to the EQT Northern Europe Private Equity Funds. Closing of the deal today, October 1, 2002, means EQT acquires the business of the Holzminden, Germany-based fragrances and flavors manufacturer with immediate effect. Bayer will use the proceeds to reduce net debt.
The sale marks the completion of another stage in the streamlining of the Bayer Group's business portfolio. In recent months Bayer already divested company housing units, the interest in Agfa and the generics business in France and Spain. The further planned divestments of Rhein Chemie, PolymerLatex and the household insecticides business are expected to be accomplished in the near future.
Most read news
Other news from the department business & finance

Get the chemical industry in your inbox
By submitting this form you agree that LUMITOS AG will send you the newsletter(s) selected above by email. Your data will not be passed on to third parties. Your data will be stored and processed in accordance with our data protection regulations. LUMITOS may contact you by email for the purpose of advertising or market and opinion surveys. You can revoke your consent at any time without giving reasons to LUMITOS AG, Ernst-Augustin-Str. 2, 12489 Berlin, Germany or by e-mail at revoke@lumitos.com with effect for the future. In addition, each email contains a link to unsubscribe from the corresponding newsletter.