Bayer completes sale of H.C. Starck to Advent International and The Carlyle Group
05-Feb-2007
The transaction value of approximately EUR 1.2 billion comprises a cash component of more than EUR 700 million and the assumption of financial liabilities and personnel-related commitments totaling some EUR 450 million. As planned, the proceeds will help to finance Bayer's acquisition of Schering. The divestment reduces Bayer's net debt by about EUR 1 billion.
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