BASF's spaced out trio takes out good chunk of Bayer acquisition cost

Nigel Owen

November 08, 2017 01:15 pm

Rainbow — PA file photo dated 22/10/01 of Stars from 70's cult kids show Rainbow (from left) Bungle, Zippy, George and Geoffrey. Thieves today stole original puppets of Bungle, Zippy and George used in the hit children's television show Rainbow. The three costumes had been taken to Bristol to film scenes for Geoffrey Hayes' new stage show Over the Rainbow, set to premiere at the Edinburgh Festival on August 2. | Myung Jung Kim/PA Archive/PA Images

In October, German chemicals company BASF announced it had agreed to buy parts of Bayer’s seed and non-selective herbicide businesses for €5.9bn, all in cash. On Wednesday it started to fund that with a €3bn triple tranche bond sale.

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Nigel Owen