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The European Commission is also investigating Amazon’s dual function and is asking retailers and manufacturers whether Amazon’s sales of own-brand products similar to theirs have harmed their business. Germany is Amazon’s second biggest market. It has faced a long-running battle with unions in the country over pay and conditions for logistics workers, who staged another round of strikes last week tiffany & co oval cufflinks uk sale. The cartel office said the probe into Amazon will seek to address any violations of German competition or anti-trust law, but does not foresee significant fines unless they are considered as part of a final ruling requiring a company to end any abusive market practices..
FRANKFURT (Reuters) – Bayer (BAYGn.DE), the German drugmaker that bought U.S. seed company Monsanto, announced on Thursday the sale of a number of businesses, around 12,000 job cuts and 3.3 billion euros ($3.8 billion) in impairments. Chief Executive Werner Baumann is under pressure to boost Bayer’s share price after a drop of more than 35 percent so far this year, dragged down by concern over more than 9,000 lawsuits it faces over an alleged cancer-causing effect of Monsanto’s Roundup weed killer tiffany & co oval cufflinks uk sale.
The group said it was looking at options – that could include a sale – for the Coppertone sunscreen and Dr. Scholl’s foot care products from the consumer healthcare division it bought from Merck & Co (MRK.N) in 2014 for $14 billion tiffany & co oval cufflinks uk sale. It will also divest its animal health division, the number five player in the industry, which analysts have said could fetch 6-7 billion euros ($7.9 billion). The unit, the largest maker of flea and tick control products for cats and dogs and a supplier of livestock veterinary drugs, had sales of 1.57 billion euros in 2017, accounting for about 4.5 percent of group revenues..
There has already been consolidation in animal health, with Pfizer (PFE.N) and Eli Lilly (LLY.N), successfully floating their veterinary medicine units on the stock market as independent entities. Bayer ranks fifth in veterinary medicine, behind Zoetis (ZTS.N), the former Pfizer unit, Elanco (ELAN.N), unlisted Boehringer Ingelheim, which acquired animal health assets from Sanofi (SASY.PA), and drugmaker Merck & Co (MRK.N) tiffany & co oval cufflinks uk sale. Bayer will also seek a buyer for its 60-percent stake in German chemical production site services provider Currenta..
All three possible transactions were previously flagged by Reuters. Its shares were down 0.8 percent in late trade. Markus Mayer, an analyst at Baader Helvea, said Coppertone and Dr. Scholl’s could fetch 1 billion euros and the Currenta stake could fetch 1.5 billion euros tiffany & co oval cufflinks uk sale. Reckitt Benckiser (RB.L) and Procter & Gamble Co (PG.N) will likely be among the suitors for the consumer brands, said investment bankers, who asked not to be named. Under a cost cutting program that will also target synergies expected from the $63 billion acquisition of Monsanto, Bayer will cut around 12,000 of its 118,200 jobs worldwide..