Mergers and Acquisitions

* On November 3, 2014, Bayer has completed the acquisition of 100 percent of the shares of Dihon Pharmaceutical Group Co., Ltd., Kunming, Yunnan, China, a privately held pharmaceutical company specializing primarily in over-the-counter (OTC) dermatology products and herbal traditional Chinese medicine (TCM) products for various women’s health indications. Bayer paid a purchase price of CNY 3.6 billion (approximately € 460 million). "This acquisition is further evidence of our aim to strengthen our Life Sciences portfolio with strategic bolt-on acquisitions," said Dr. Marijn Dekkers, CEO of Bayer AG. "In conjunction with the recently completed acquisition of Merck Consumer Care, this acquisition moves us into the leading position in the OTC industry in China. It also brings a portfolio of well-known consumer brands, which will allow us to provide consumers with an even broader range of self-care options."

Dihon generated sales of €123 million in 2013. The company employs approximately 2,400 people in R&D, manufacturing, sales and marketing. In addition to operations in China, Dihon brands are sold in other countries such as Nigeria, Vietnam, Myanmar and Cambodia. Dihon’s headquarters is located in Kunming, China. The company also has several manufacturing sites throughout China.

* On February 27, 2014, Bayer has announced the company plans to acquire 100 percent of the shares of Dihon Pharmaceutical Group Co., Ltd., Kunming Yunnan, China, a privately held pharmaceutical company specializing primarily in over-the-counter (OTC) and herbal traditional Chinese medicine (TCM) products. Dihon is a leading player in China\'s OTC industry with products such as Kang Wang® for the treatment of dandruff and other scalp disorders and Pi Kang Wang®, an antifungal cream, as well as TCM product Dan E Fu Kang® for the treatment of various women’s health indications. Financial details have not been disclosed. The transaction is subject to fulfillment of certain conditions, including merger control clearance, and is expected to close in the second half of 2014.