Schering to have stake in Aventis

04 March 1999

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.

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