Bayer AG - Leverkusen, Germany-based pharmaceutical and biotechnology company - Signs power purchase agreement with Wuppertaler Stadtwerke GmbH for the supply of 120 gigawatt hours of 100% renewable energy for six of Bayer's German facilities. The contract's duration and financial details were not disclosed by Bayer.

Matthias Berninger, head of public affairs at Bayer, says: "The agreement with Wuppertaler Stadtwerke is another milestone on the way to reducing our carbon footprint. Last year, we signed a comprehensive agreement in the USA that will enable us to purchase 60% of the electricity we buy in the USA from renewable energy sources in the future. I am delighted that we have found a good partner in Germany with Wuppertaler Stadtwerke."

Current stock price: EUR26.01, down 0.3% in Frankfurt on Friday morning

12-month change: down 58%

By Hugh Cameron, Alliance News reporter

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