Singapore’s Temasek hikes Bayer stake in $3.7 billion share sale

Singapore News

Singapore’s Temasek hikes Bayer stake in $3.7 billion share sale

FRANKFURT (Reuters) – German drugmaker Bayer (BAYGn.DE) is raising 3 billion euros ($3.7 billion) towards its planned $62.5 billion takeover of seed maker Monsanto (MON.N) by selling a 3.6 percent stake to Singapore’s state investment company Temasek.

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