Bayer AG unit head sees no merit in breaking up parent: FT

[January 24, 2019]  FRANKFURT (Reuters) - The head of Bayer's <BAYGn.DE> Crop Science unit, which combines Bayer's legacy pesticides unit with the acquired Monsanto business, sees no merit in splitting up parent company Bayer, he told the Financial Times.

When asked whether Bayer should break itself up into a standalone healthcare company and a separate agriculture business, unit head Liam Condon was quoted as saying: "That assumption would have to be that you create more value by splitting the company, which I just fail to see."

(Reporting by Ludwig Burger, editing by Riham Alkousaa)

[© 2019 Thomson Reuters. All rights reserved.]

Copyright 2019 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.  Thompson Reuters is solely responsible for this content.