(Reuters) - German drugmaker Bayer AG is exploring the sale of its $10 billion plastics unit to focus on growing its health business, Bloomberg reported citing people with knowledge of the matter. Bayer is considering the sale of its MaterialScience division after chemicals company Evonik Industries AG showed interest in the unit several months ago, Bloomberg said, adding that no final decision has been made on the plastics unit. Polycarbonates, the type of transparent plastic that is Bayer's specialty, are in ample global supply after lower-cost rivals in the Middle East, mainly Sabic, built new sites.
via Health News Headlines - Yahoo News http://ift.tt/1foDStX
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