LEVERKUSEN, Germany (Oct. 4)—Bayer A.G. plans to retain the group's 49-percent stake in GE Bayer Silicones, its joint venture with GE Corp., according to a Bayer spokesman.
The group previously had signaled its intention to place the holding within Lanxess A.G.—the chemicals, rubber and plastics supply firm, which will be spun off from Bayer in early 2005.
The proposal concerning GE Bayer Silicones will be among the items on the agenda of a Nov. 17 shareholders meeting, concerning the Lanxess spinoff, the spokesman said in a telephone interview.