Schering to have stake in Aventis
GERMAN pharmaceutical concern Schering, which jointly owns an agrochemicals venture with Hoechst, is to receive a 24% stake in Aventis CropScience.
The move ends speculation about Scherings role in Hoechsts planned merger with Rhone-Poulenc of France.
Aventis CropScience will include Hoechsts AgrEvo joint venture, in which Schering has a 40% holding.
Hoechst and Rhone-Poulenc will equally hold the remaining 76% in Aventis Crop Science.
- Agrochem giant to close 50 plants?, FWi, 22 February, 1999
- Aventis to become agrochem giant, FWi, 04 December, 1998
- Hoechst/Rhône-Poulenc merger due today, FWi, 01 December, 1998
- Financial Times 04/03/99 page 33 (News Digest)