Cases & Deals

Bayer AG sells GE Bayer Silicones for $604 million

Clients Bayer AG

Jones Day advised Bayer AG in the €475 million (US$604.4 million) sale of its 49.9% stake in GE Bayer Silicones GmbH & Co. KG, a joint venture with GE, to GE and indirectly/ultimately to Apollo Management L.P. The transaction was part of and related to the simultaneous sale of GE's world-wide advanced materials business to Apollo Management L.P. for $3.8 billion.