Bayer offloads €2bn of Covestro via block, CB
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Bayer offloads €2bn of Covestro via block, CB

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Bayer monetised a large stake in Covestro, the plastics company it span off in 2015, on Tuesday night through a simultaneous block trade and exchangeable bond worth a total of €2bn, which were both covered in an hour by more than 100 investors each.

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