REUTERS/Wolfgang RattayLONDON (Reuters) - Bayer is a “conglomerate” that needs to make major changes including “de-merging” two of its three business arms, investor Artisan Partners told Reuters on Friday.
Artisan wants the drugs to-pesticides company to demerge its over-the-counter and pharmaceutical units, it said.
“Recently we wrote a letter to the conglomerate Bayer -- and it is a conglomerate,” David Samra, founding portfolio manager of Artisan’s International Value team, said in an interview.
Bayer has a “whole host of problems” including “too much debt,” Samra said.
Artisan is Bayer’s sixth biggest investor, according to Refinitiv data.
Persons:
Wolfgang Rattay, ” David Samra, Bayer, ” Samra, ”
Organizations:
Bayer AG, REUTERS, Wolfgang Rattay LONDON, Bayer, Artisan Partners, Reuters, Artisan’s
Locations:
Leverkusen, Germany