Chemicals Giant Bayer Rules Out Break-up 'For Now' After Huge Loss

Bayer logged a 2.9-billion-euro loss last year (Credit: AFP)

German chemicals giant Bayer vowed Tuesday to "urgently" address key challenges after plunging deep into the red in 2023, weighed down by woes related to its glyphosate-based weedkillers.

But CEO Bill Anderson, hired last year to help steer the troubled group in a new direction, ruled out any imminent break-up of the company -- despite mounting pressure from activist investors.