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POTENTIAL BIDDERS FOR BAYER'S ESP UNIT NAMED
Oct. 13, 2021
Agri-Pulse reports:
Bayer's pest control business is attracting interest from potential bidders, according to a report from Bloomberg, which said the company is seeking about $2.3 billion.
Among the interested parties for what's known as the Environmental Science Professional business are Blackstone Inc. and CVC Capital Partners. Bayer said in February it planned to divest the ESP business in order to focus on its core agricultural business.
The ESP business offers pest, disease and weed control solutions in areas such as vector control, professional pest management, industrial vegetation management, forestry, and turf and ornamentals.
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