Bayer has invited buyout firms and infrastructure investors to submit bids for the purchase of its more than €2bn holding in chemical park operator Currenta. The move comes after the company failed to agree to a sale to its former chemicals subsidiary Covestro, according to reports. Currenta could be valued at over €1bn ($1.2bn), and potentially 60%, according to sources familiar with the matter. Initial bids have been requested by the middle of October.
Bayer has invited buyout firms and infrastructure investors to submit bids for the purchase of its 60% holding in chemical park operator Currenta. The move comes after the company failed to agree to a sale to its former chemicals subsidiary Covestro, according to reports. Currenta could be valued at over €1bn ($1.2bn), and potentially more than €2bn, according to sources familiar with the matter. Initial bids have been requested by the middle of October.