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Bayer to divest of H.C. Starch and Wolff Walsrode

In an address by the Chairman of Bayer, Werner Wenning, at a news conference on Friday, March 24, 2006, in Leverkusen it was announced that Bayer would acquire Schering AG.

It was also revealed that this would be partly financed by the disposal of Bayer subsidiaries H.C. Starck and Wolff Walsrode, which are currently part of the Bayer Materials Science group.