"We have been evaluating the optimal way for the separation of the MaterialScience business and believe that an IPO delivers clear benefits for both Bayer and Covestro and their stakeholders," said Bayer chief executive Marijn Dekkers.
Utilize the input text as a context reference, choose the right relationship between 'Covestro' and 'Bayer' from the options.
Options: creator, position held, owned by, legal form