April 15, 2021

Glyphosate sinks Bayer to € 10.5 billion in losses


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The judicial agreement for settle the dispute over the herbicide glyphosate in the United States, signed last June, leads Bayer to close a disastrous year, with 10,500 million euros of losses, 16,100 million of negative operating result. The turnover would grow by 3% to reach between 42,000 and 43,000 million euros. Bayer shares on the Frankfurt Stock Exchange have fallen by about 3% as soon as these results have been announced, but the worst for the price seems to have passed. Since 2019 there have been times when Bayer shares were so cheap that a takeover bid seemed inevitable, but the company’s situation after the purchase

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