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BAYN Bayer AG

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Share Name Share Symbol Market Type
Bayer AG XE:BAYN Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

Bayer to Unveil Strategy in Early 2024; Doesn't Rule out Structural Changes

08/08/2023 3:28pm

Dow Jones News


Bayer (XE:BAYN)
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By Olaf Ridder and Cecilia Butini

 

Bayer's will unveil plans and financial targets for the company in early 2024, the company's new Chief Executive Bill Anderson said during a post-results conference call, adding that a strategic review currently taking place at the company isn't excluding any possible scenarios regarding its structure.

The main question is whether Bayer has the right structures in place to be the best owner of all of its businesses, and at the moment management is open to everything and isn't leaving anything untried, the executive said. "If we need to change the structure of the group in order to achieve our goal, that's what we are going to do."

The priority is to arrange corporate structures in order to guarantee speed, according to Anderson. In this sense, Bayer's reference point right now isn't another big corporation but rather a start-up, he said.

 

Write to Olaf Ridder at olaf.ridder@wsj.com and to Cecilia Butini at cecilia.butini@wsj.com

 

(END) Dow Jones Newswires

August 08, 2023 10:13 ET (14:13 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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