actions chemical and pharmaceutical group German Bayer It dropped on Monday, January 29. 5.63% at 15:10.up to 30.50 eurosAfter it is decided that the company will pay 2 billion 79 million euros to the old user From the herbicide called Roundup, which claims that this compound causes cancer.
The decision of the Pennsylvania court, Highest compensation ever awarded for the use of this chemical. The largest transgenic seed crop was produced by Monsanto, but now involves the German company Bayer. He bought it for 58.213 million euros in 2018.
According to the decision, the affected person was assigned. 231 million euro compensationMeanwhile 1.848 million euros the remaining corresponds punitive damages For Bayer.
Even though Bayer won 10 of 16 open cases related to RoundupOne of the lost cases resulted in 1.386 million euros in damages to three Roundup users in Missouri in November 2023. Another trial is still ongoing in Delaware next month.
Bayer will appeal the decision
Bayer, on the other hand, guaranteed that the penalties were secured. “contradicted by the overwhelming weight of scientific evidence“and emphasized that the product is safe. He also emphasized the following: “heavy arguments” You can appeal, annul the decision and request that the compensation be reduced or eliminated.
However, American bank Morgan Stanley, Bayer may need to review dividend policy having access to cash. “Recent courtroom losses may lead management to adopt a stricter dividend policy. reduction of distribution band against possible suspension,” warned a Morgan Stanley market analyst. Thibault BoutherinIn statements reported by ‘Bloomberg’.