Incoming Bayer CEO Has Big Plans to Beef Up Animal Health Unit with Deals and Acquisitions

Bayer AG’s Werner Baumann, who will take over as chief executive in the next month, signaled his plans to beef up the company’s smallest unit -- animal health -- with acquisitions and partnerships.

“We would really, really like to strengthen our animal health business,” Baumann told reporters at a briefing in Leverkusen, Germany, where the company is based. “The animal health business is a business that, for many years, we have been trying to start, to start strategically, which means inorganically, that is still our goal.”

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