Bayer boost cash reserves
German chemicals and pharmaceuticals giant Bayer says it has boosted its cash reserves five-fold to some 3.8 billion euros as insurance against any unexpected downturn in the economy.
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"We have available liquidity of 3.8 billion euros ($A5 billion) … we are sort of paying an insurance premium," finance director Werner Baumann told the weekend edition of Borsen Zeitung. Sydney Morning Herald – Read more…
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