Germany’s Bayer considers diabetes device unit sale: report
Published: May 08, 2020
FRANKFURT |
FRANKFURT (Reuters) - Germany’s largest drugmaker Bayer is considering the sale of its blood glucose meters business, a German newspaper reported.
Bayer has held talks with prospective buyers of its Diabetes Care unit, which has annual sales of about 1 billion euros ($1.3 billion), Financial Times Deutschland said in its Wednesday edition, citing sources close to the possible suitors and in the financial industry.
The paper said that Bayer declined to comment.
($1 = 0.7695 euros)
(Reporting by Ludwig Burger; Editing by Ed Lane)
Article source: http://in.reuters.com/article/2012/05/09/us-bayer-idINBRE84805Z20120509
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