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Bayer postpones stock offering in Covestro due to German market volatility

2015-10-02 01:16:20| Chemicals - Topix.net

Bayer AG today said it would postpone a planned stock offering of shares in its Covestro subsidiary because of volatility in the German markets caused by the scandal surrounding German automaker Volkswagen. Bayer also lowered the price range of the shares which were scheduled to begin trading on the Frankfurt Stock Exchange Friday.

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