LEVERKUSEN, Germany (Dec. 5)—Bayer A.G.'s sale of its Rhein Chemie Rheinau GmbH to Advent International Corp. has been dissolved by common consent of the parties, which were "unable to agree on a number of outstanding points." Bayer said it is considering various options for Rhein Chemie, which had been on the market for 10 months before Boston-based Advent International put in a bid in October of $212 million. A supplier of specialties to the rubber, lubricant and plastics industries, Rhein Chemie has 1,100 employees and reported 2001 sales of $273 million. The company was profitable, although Bayer does not disclose earnings figures for the subsidiary.
Bayer's sale of Rhein Chemie 'dissolved'
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