Bayer Sells $3.4 Billion Stake in Contraceptives Arm to Apollo

Bayer AG sold a minority stake in its contraceptives business to Apollo Global Management Inc. for €3 billion ($3.4 billion) and will use the funds raised to improve its capital...

By Deirdre Hipwell · Bloomberg Markets

Bayer AG sold a minority stake in its contraceptives business to Apollo Global Management Inc. for €3 billion ($3.4 billion) and will use the funds raised to improve its capital structure.