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BERLIN – Bayer AG sells its animal health business to a US rival for $ 7.6 billion, as part of the plan of the German chemical and chemical giant to dispose of assets while its herbicide Roundup is engaging more and more legal responsibilities.
The agreement to sell the unit to Elanco Animal Health Inc., based in Greenfield, Indonesia, would create a new heavyweight in the area of ​​prevention and treatment of pet and livestock diseases. The combined company would own about 13% of the market, making it the second largest animal health company …
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