Bayer announces 2.5B-euro write-down

By Agence France-Presse

Jul 26, 2023 12:23 am

BERLIN: German chemicals giant Bayer said on Monday it would take a huge 2.5-billion-euro ($2.8-billion) write-down on the potentially carcinogenic herbicide glyphosate.

It warned that the write-down would push it into a 2.0-billion-euro net loss for the second quarter, and lowered its annual outlook.

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