Bayer (BAYRY) is proceeding with plans to sell its animal health unit as large private equity firms like KKR (KKR) and CVC Capital weigh bids, Bloomberg reports, citing people familiar with the matter. The business may also draw interest from buyout firms such as Advent International, Blackstone (BX), EQT Partners, and Permira as well as industry competitors, the report says. The unit could fetch as much as $9B, the report notes.
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