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