"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.
Refer to the input text as context and select the correct relationship between 'Covestro' and 'Bayer' from the available options.
Options: creator, legal form, position held, owned by