P-E firms including Blackstone and CVC Capital Partners are among those considering bids for Bayer's (OTCPK:BAYRY+3.3%) pest control products business, which may fetch ~€2B, Bloomberg reports.
Bayer's Environmental Science Professional also reportedly has attracted initial interest from Bain Capital, Carlyle, Platinum Equity and other groups.
Bayer announced its intention to sell the pest control business, which generated €600M in sales during 2019, in February, saying it preferred to focus on its core agricultural operations.