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Germany, Interview:

Equipping Bayer MaterialScience for the future

Interview with Bayer CFO

Johannes Dietsch

, from Börsen-Zeitung,

Frankfurt am Main, Germany, March 21, 2015. Article provided by

The German IAFEI Member Institute, the Association of Chief

Financial Officers Germany

Bayer CFO: Intra-Group loans are to be promptly replaced

following demerger – IPO could have a positive effect on Group

rating

Bayer has taken an important strategic step with its decision to demerge the plastics

business. How can a subgroup be separated from the Group for financing purposes?

Bayer Material Science (BMS) is to be floated on the stock market by mid-2016 at the latest.

We want to create an independent company that is able to tap the capital market. With regard

to financing, we first have to give BMS a sound organizational structure. It needs to have a

IAFEI Quarterly | Issue 29 | 28