Aventis split over agchem sell-off
26 March 2001
Aventis split over agchem sell-off
By FWi staff
SENIOR management at life science company Aventis is split over how best to divest its agrochemicals business, reports the Financial Times.
Executives at Aventis CropScience are said to favour an initial public offering, while the Aventis management board is said to favour a trade sale.
Horst Waesche, management board member in Strasbourg with responsibility for agrochemicals, said the company owed it to shareholders to evaluate options.
Aventis has suggested the business may be worth about 
7.7 billion (4.8bn).
The Franco-German company decided last year to sell off its agrochemical arm to focus on more its profitable pharmaceutical sector.
- Aventis to sell agrochem business, FWi, 16 November, 2000
- Aventis to trim agchem list, FWi, 31 March, 2000
- Financial Times, 26 March, 2001, page 27
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