History

Highlights in the recent history of the Bayer Group

1996

On June 3, Bayer’s capital stock is redenominated into shares of DM 5 par value instead of DM 50.


1998

Effective July 1, the existing par-value shares of Bayer AG’s capital stock are replaced by no-par shares.


1999

To mark the 100th birthday of Aspirin™ on March 6, professional mountaineers wrap Bayer’s former high-rise headquarters building in Leverkusen, transforming it into the world’s biggest Aspirin™ pack and earning the company three entries in the Guinness Book of Records.


2000

Acquisition of the polyols business of Lyondell Chemical Company, United States, makes Bayer the world’s biggest producer of raw materials for polyurethanes.


2001

Bayer acquires Aventis CropScience for €7.25 billion, making it a world leader in crop protection. On December 6, the company‘s management announces plans to establish independent operating subsidiaries under the umbrella of a management holding company.


2002

Bayer CropScience AG is launched in October as the first legally independent Bayer subgroup.


2003

In October, the subgroups Bayer Chemicals AG and Bayer HealthCare AG and the service company Bayer Technology Services GmbH gain legal independence as part of the reorganization of the Bayer Group. The subgroup Bayer MaterialScience AG and the service companies Bayer Business Services GmbH and Bayer Industry Services GmbH & Co. OHG follow in December.


2004

In January the Group’s world-famous trademark, the Bayer Cross, celebrates its centennial.


2004

In June, Bayer becomes the first private-sector partner to the United Nations Environment Programme (UNEP) in the area of youth and environment.


2005

In January, Bayer completes the acquisition of the Roche consumer health business, advancing to become one of the world’s top three suppliers of nonprescription medicines.


2005

Lanxess AG is spun off from the Bayer Group on January 28. This company continues Bayer’s chemicals business and parts of its polymers business.


2005

In December, the U.S. Food and Drug Administration approves sorafenib (tradename: Nexavar™), an active ingredient jointly developed by Bayer HealthCare and Onyx Pharmaceuticals Inc., for the treatment of advanced renal cell carcinoma.


2006

In January, Bayer Innovation GmbH, a subsidiary for the development of new business fields, acquires biotech company Icon Genetics AG, which discovers innovative methods for the development and use of genetically engineered plants.


2006

In March, Bayer announces a public takeover offer for Schering AG, Berlin, Germany. In July, Bayer gains control of 92.4 percent of the approximately 191 million outstanding Schering shares. In December, Schering AG is officially renamed Bayer Schering Pharma AG.


2007

In January, an Extraordinary Stockholders’ Meeting of Bayer Schering Pharma AG resolves to effect a “squeeze-out” of the remaining minority stockholders. Bayer Schering Pharma AG, headquartered in Berlin, now operates together with Bayer’s existing Pharmaceuticals business as a division of the Bayer HealthCare subgroup.


2007

In January, Bayer sells the Diagnostics Division of Bayer HealthCare to Siemens AG, Munich, for €4.2 billion.


2007

In March it is announced that the BayArena stadium, home of German Bundesliga soccer team Bayer 04 Leverkusen, is to be modernized and enlarged to accommodate a crowd of over 30,000.


2007

In August, Bayer hosts the TUNZA International Youth Conference of the United Nations Environment Programme (UNEP) in Leverkusen, the first time this youth environmental summit has been held in central Europe. 180 young people from 85 countries debate global environmental issues.


2007

Centennial celebration: in September, the 100th season of the Bayer Cultural Affairs Department gets under way.


2007

November sees the launch of the integrated, Group-wide Bayer Climate Program. The program’s goals include a further reduction in CO2 emissions from Bayer’s production facilities.


2008

In June Bayer receives the 2008 Environmental Award in the category “Environmentally Friendly Technologies” by the Federation of German Industries (BDI). Use of the new oxygen-depolarized cathode technology reduces power consumption and CO2 emissions.


2008

The squeeze-out of the minority stockholders of Bayer Schering Pharma* AG is effected in September. At the turn of the year 2008/2009 the pharmaceuticals businesses of Bayer and Bayer Schering Pharma* in Germany are combined in a single legal entity.


2008

In October the world’s largest MDI production facility goes on stream in Shanghai.


2008

In November, Bayer and the German Cancer Research Center form a strategic research alliance scheduled to run for an initial period of two years.


2009

In November, Bayer implements its zeroemissions building concept for the first time with the opening of a children’s daycare center in Monheim, Germany.


2009

In November, Bayer CropScience completes the acquisition of Athenix Corp., a privately held U.S. biotechnology company.


2009

In December, a Bayer team wins the German Future Prize for the development of the new anticoagulant rivaroxaban (Xarelto™).


2010

In June the Aspirin Social Award is presented for the first time. The award honors exemplary social projects in the health care sector.


2010

Fifty years of successful family planning with the pill: this innovative contraceptive was first given regulatory approval in 1960. Till this day Bayer is a global market leader in the field of hormonal contraception.


2011

In February, Bayer starts up the „Dream Production“ pilot plant in Leverkusen to manufacture high-tech plastics using carbon dioxide.


2012

In March, Bayer receives approval from the Australian Therapeutic Goods Administration (TGA) for Eylea™, an eye medicine for the treatment of wet age-related macular degeneration.


*

The names "Bayer Schering Pharma" or "Schering" as used in this website always refer to Bayer Schering Pharma AG, Berlin, Germany, or its predecessor, Schering AG, Berlin, Germany, respectively.

Last updated: January 2, 2014  Copyright © Bayer AG
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