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Bayer to focus on alignment of pharma and CropScience

Bayer group wants to align its CropScience and pharmaceutical businesses by taking advantage of the similarities in the business models. Group chief executive officer Dr Marijn Dekkers told the annual shareholders meeting in Cologne, Germany that a focus on life sciences will allow the company to “benefit from major similarities in our business model”. The group is focusing on its pharmaceutical arm and CropScience businesses and will sell its Material Science business via floatation on the stock market by 2016.

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