Bayer Sells $3.4 Billion Contraceptives Stake to Apollo

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Financial Times - Markets 5 hours ago • ft.com

Bayer sells stake in contraceptives business to Apollo in €3bn financing deal

Sale will help German pharmaceuticals group to bolster its balance sheet after years of litigation over Roundup weedkiller

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Bloomberg Markets 8 hours ago • bloomberg.com

Bayer Sells $3.4 Billion Contraceptives Stake to Apollo

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 help cover its ballooning litigation costs tied to the herbici…

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