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2010–2018 Investing in the Future
In June the Aspirin Social Award is presented for the first time. The award honors exemplary social projects in the health care sector.
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.
In February, Bayer starts up the „Dream Production“ pilot plant in Leverkusen to manufacture high-tech plastics using carbon dioxide.
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.
In 2013, Bayer celebrates the 150th anniversary of its foundation worldwide. The company sends an airship and anniversary exhibition around the world, celebrates with German Federal Chancellor Angela Merkel, serves a celebratory meal for 110,000 employees and carries the Bayer spirit to more than 50 countries through the anniversary song “A Better Life.”MORE
Bayer strengthens its oncology business with the acquisition of Algeta in March. In October, Bayer acquires the consumer care business of US-based Merck & Co., Inc. and engages in a strategic pharma cooperation in the field of sGC modulators. Furthermore Bayer strengthens its Consumer Care business in November with the acquisition of Dihon Pharmaceutical Group Co., Ltd. in China and Bayer HealthCare moves to a leading OTC position in this key growth country. In December Bayer CropScience acquires Land Management assets of DuPont Crop Protection in the United States, Canada, Mexico, Australia and New Zealand. The subgroup plays now a leading role in Industrial Vegetation Management.
Bayer MaterialScience has been operating since 1 September under the name Covestro. The company is economically and legally independent, but initially remains a subsidiary of Bayer AG. On October 6, the Covestro AG made her debut on the stock market.
In May Werner Baumann becomes the new CEO of Bayer AG. Baumann has been a member of the Board of Management since January 2010 and was most recently responsible for Strategy and Portfolio Management.
In September Bayer and Monsanto sign a binding merger agreement. This creates the legal framework for the acquisition of Monsanto for a cash price of USD 128 per share. Monsanto stockholders vote in favor of the merger at an extraordinary stockholders’ meeting in December. The transaction is subject to the customary closing conditions, including the required regulatory approvals.
In November Bayer kicked off „leaps“. This new approach complements the existing R&D capabilities and aims to enable breakthrough innovations across healthcare and agriculture.
Bayer concludes process to sell Covestro. Bayer AG now holds just 6.8 percent of Covestro shares to repay the exchangeable bond that matures in 2020. Bayer AG acquired these shares from Bayer Pension Trust, which now no longer holds any Covestro shares.
Bayer closes Monsanto acquisition. Shares in the U.S. company will no longer be traded on the New York Stock Exchange, with Bayer now the sole owner of Monsanto Company.
“Today is a great day: for our customers – farmers around the world whom we will be able to help secure and improve their harvests even better; for our shareholders, because this transaction has the potential to create significant value; and for consumers and broader society, because we will be even better placed to help the world’s farmers grow more healthy and affordable food in a sustainable manner. As a leading innovation engine in agriculture, we offer employees around the world attractive jobs and development opportunities,” said Werner Baumann, Chairman of the Bayer Board of Management. “Our sustainability targets are as important to us as our financial targets. We aim to live up to the heightened responsibility that a leadership position in agriculture entails and to deepen our dialogue with society.”