Morningstar

Apollo to Buy $3.4 Billion Stake in Bayer Contraceptives Business

Provided by Dow Jones Jul 10, 2026, 6:46:00 AM

By Aimee Look

Asset-management firm Apollo agreed to buy a minority stake in Bayer's long-acting reversible contraceptives business for 3 billion euros, or $3.43 billion, the companies said.

German pharmaceutical company Bayer said it secured 3 billion euros in equity capital, as part of an agreement with Apollo for its managed funds and affiliates to obtain a minority stake in a new entity. The newly established entity will hold Bayer's long-acting reversible contraceptives business.

Bayer will retain a majority stake in and full operational control over the business, it said.

The long-acting contraceptives business focuses on methods that prevent pregnancy for a long period of time, such as the intrauterine device, according to Bayer's website.

The transaction is expected to close in the third quarter of 2026, the companies said.

Write to Aimee Look at aimee.look@wsj.com

(END) Dow Jones Newswires

July 10, 2026 02:46 ET (06:46 GMT)

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