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- Norris sets Singapore pace as Verstappen only 15th
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- Germany to bid to host women's Euro 2029
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- Postecoglou defends Solanke after slow start to Spurs career
- US nuclear plant Three Mile Island to reopen to power Microsoft
- Arteta urges Arsenal to take next step in Man City showdown
- Stock markets fall after Fed-fuelled rally
- Top Hezbollah commander 'killed' in Israel strike
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- Man City have rest 'advantage' in Arsenal showdown: Guardiola
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- Sri Lanka lead by 202 in first New Zealand Test
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- India in box seat after Bumrah takes four against Bangladesh
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- Ferrari's Leclerc sets early pace in Singapore ahead of Norris
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- France poised to finally get new govt
- Kompany, Alonso call for action on player workload amid strike talks
- Liverpool goalkeeper Alisson doubtful for Bournemouth clash
- Bumrah takes four as India bowl out Bangladesh for 149
- Sri Lanka 134-1 to take upper hand in first New Zealand Test
- Bayern's Kompany calls for game cap for players amid strike talks
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- Sultry screen legend Sophia Loren turns 90
- Cambodian opposition figure in court on incitement charge
- Bumrah takes three wickets to have Bangladesh in trouble at 112-8
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- UK economic data delivers fresh blow to new govt
- China to 'gradually resume' seafood imports from Japan after Fukushima ban
- India minister blames dam release for flooding
- O'Rourke strikes early for Kiwis as Sri Lanka trail by three
- Deep takes two as Bangladesh totter in reply to India's 376
- Israel pounds Lebanon's Hezbollah after device blasts
- Revolution or mirage? Controversy surrounds new Alzheimer's drugs
Bayer sells pest control unit for $2.6 bn
German chemicals and pharmaceuticals giant Bayer said Thursday it has agreed to sell its pest control unit to British private equity firm Cinven for $2.6 billion (2.4 billion euros).
Bayer had announced last year its intention to offload its US-based unit, Environmental Science Professional.
"This divestment represents a very attractive purchase price and allows us to focus on our core agricultural business," said Rodrigo Santos, head of Bayer's Crop Science division.
Environmental Science Professional offers solutions to control pests, diseases and weeds in non-agricultural areas, including professional pest management, forestry and gardens.
The subsidiary has 800 employees and operates in more than 100 countries, with 600 million euros in turnover.
Bayer said it expects the transaction to be completed in the second half of this year, with proceeds to be used to reduce the group's net financial debt.
Bayer's debt has grown in recent years as it has been plagued by legal woes since it bought Monsanto in 2018.
It has faced a flood of cases in US courts by cancer patients who say the glyphosate chemical in the Roundup weedkiller caused them to fall ill. Bayer rejects the accusations.
M.Furrer--BTB