EX-99.24 17 f01349exv99w24.htm EX-99.24 2005 LIST OF BAYER AG GROUP INVESTMENTS EX-99.24 2005 List of Bayer AG Group Investments
 

Exhibit 99.24
Page 1
Investments in subsidiaries and other companies
(acc. to Art. 313 para. 2 German Commercial Code <GCC>)
Dec. 31, 2005
(1) Companies included in the consolidated statements (Art. 294 GCC)
         
        Effective
        interest
Name of the company   Place of business   in %
2283247 CANADA INC.
   Calgary/Canada   100,0
3099351 CANADA INC.
   Calgary/Canada   100,0
A/O BAYER
   Moscow/Russia   100,0
AgrEvo Benelux BV
   Haren/Netherlands   100,0
AgrEvo South Africa (Pty) Ltd.
   Isando/South Africa   100,0
Asia Sunseeds Co. Ltd.
   Beijing/China     60,0
Avantcoat S.L.
   Barcelona/Spain   100,0
Aventis CropScience China Ltd.
   Hongkong/China   100,0
Bayer (China) Limited
   Beijing/China   100,0
Bayer (Malaysia) Sdn. Bhd.
   Kuala Lumpur/Malaysia   100,0
Bayer (Proprietary) Limited
   Isando/South Africa   100,0
Bayer (Schweiz) AG
   Zurich/Switzerland   100,0
Bayer (Sichuan) Animal Health Co. Ltd.
   Sichuan/China     70,0
Bayer 04 Immobilien GmbH
   Leverkusen/Germany   100,0
Bayer 04 Leverkusen Fußball GmbH
   Leverkusen/Germany   100,0
Bayer 04 Mobilien GmbH
   Leverkusen/Germany   100,0
Bayer A/S
   Lyngby/Denmark   100,0
Bayer AB
   Gothenburg/Sweden   100,0
Bayer ACI Limited
   Cambridge/United Kingdom   100,0
Bayer ACSH Limited
   Cambridge/United Kingdom   100,0
Bayer AEH Limited
   Cambridge/United Kingdom   100,0
Bayer AGCO Limited
   Cambridge/United Kingdom   100,0
Bayer Agriculture Limited
   Cambridge/United Kingdom   100,0
Bayer Antwerpen Comm.V
   Antwerp/Belgium   100,0
Bayer AS
   Oslo/Norway   100,0
Bayer Australia Limited
   Pymble/Australia     99,9
Bayer Austria Gesellschaft m.b.H.
   Vienna/Austria   100,0
Bayer B.V.
   Mijdrecht/Netherlands   100,0
Bayer Beteiligungsverwaltungsgesellschaft mbH
   Leverkusen/Germany   100,0
Bayer Biologicals S.r.l.
   Milan/Italy   100,0
Bayer BioScience GmbH
   Potsdam/Germany   100,0
Bayer BioScience N.V.
   Ghent/Belgium   100,0
Bayer Bitterfeld GmbH
   Greppin/Germany   100,0
Bayer Bulgaria EOOD
   Sofia/Bulgaria   100,0
Bayer Business Services GmbH
   Leverkusen/Germany   100,0
Bayer Canadian Holdings Inc.
   Toronto/Canada   100,0
Bayer Capital Corporation B.V.
   Mijdrecht/Netherlands   100,0
Bayer Chemicals AG
   Leverkusen/Germany   100,0
Bayer Coatings Systems Shanghai Co. Ltd.
   Shanghai/China   100,0
Bayer Consumer Care AG
   Basel/Switzerland   100,0
Bayer Consumer Care LLC
   Morristown/USA   100,0
Bayer Corporate and Business Services LLC
   Pittsburgh/USA   100,0
Bayer Corporation
   Pittsburgh/USA   100,0
Bayer Cotton Seed International Inc.
   Research Triangle Park/USA     51,0
Bayer CropScience (Malaysia) Sdn Bhd
   Kuala Lumpur/Malaysia   100,0
Bayer CropScience (Portugal)-Produtos para a Agricultura, Lda
   Carnaxide/Portugal   100,0
Bayer CropScience (Private) Limited
   Karachi/Pakistan     75,5
Bayer CropScience (Thailand) Company Limited
   Bangkok/Thailand   100,0
Bayer CropScience Aktiengesellschaft
   Monheim/Germany   100,0
Bayer CropScience B.V.
   Mijdrecht/Netherlands   100,0
Bayer CropScience Beteiligungsgesellschaft mbh
   Frankfurt/Germany   100,0
 
+)   voting-right different from effective interest
 
*)   under uniform control of Bayer AG

 

 

Page 2
Investments in subsidiaries and other companies
(acc. to Art. 313 para. 2 German Commercial Code <GCC>)
Dec. 31, 2005
(1) Companies included in the consolidated statements (Art. 294 GCC)
         
        Effective
        interest
Name of the company   Place of business   in %
Bayer CropScience Cotton Pty Ltd
   East Hawthorn/Australia   100,0
Bayer CropScience d.o.o. (Slovenia)
   Ljubljana/Slovenia   100,0
Bayer CropScience Deutschland GmbH
   Langenfeld/Germany   100,0
Bayer CropScience France S.A.S.
   Lyon/France   100,0
Bayer CropScience GmbH
   Frankfurt/Germany   100,0
Bayer CropScience Hangzhou Company Ltd.
   Hangzhou/China    97,0
Bayer CropScience Holding Inc.
   Research Triangle Park/USA   100,0
Bayer CropScience Holding SA
   Lyon/France   100,0
Bayer CropScience Holdings
   Cambridge/United Kingdom   100,0
Bayer CropScience Holdings Inc.
   Calgary/Canada   100,0
Bayer CropScience Holdings Pty Ltd
   East Hawthorn/Australia   100,0
Bayer CropScience Inc.
   Calgary/Canada   100,0
Bayer CropScience Inc.
   Research Triangle Park/USA   100,0
Bayer CropScience K.K.
   Tokyo/Japan   100,0
Bayer CropScience Limited
   Cambridge/United Kingdom   100,0
Bayer CropScience Limited
   Mumbai/India     71,1
Bayer CropScience LLC
   Research Triangle Park/USA   100,0
Bayer CropScience LLP
   Astana/Kazakhstan   100,0
Bayer CropScience LP
   Research Triangle Park/USA   100,0
Bayer CropScience Ltd.
   Seoul/Korea Republic   100,0
Bayer CropScience Ltda.
   Sao Paulo/Brazil   100,0
Bayer CropScience Nufarm Limited
   Cambridge/United Kingdom     75,0
Bayer CropScience Nufarm SA
   Lyon/France   100,0
Bayer CropScience Pty Limited
   East Hawthorn/Australia   100,0
Bayer CropScience S.A.
   Lyon/France   100,0
Bayer CropScience s.a.-n.v.
   Brussels/Belgium   100,0
Bayer CropScience S.L.
   Valencia/Spain   100,0
Bayer CropScience S.r.l.
   Milan/Italy   100,0
Bayer Cropscience SA
   Bogota/Columbia   100,0
Bayer CropScience Taiwan Ltd.
   Taipei/Taiwan   100,0
Bayer CropScience Vermögensverwaltungsgesellschaft mbH
   Leverkusen/Germany   100,0
Bayer CropScience, Inc.
   Laguna/Philippines   100,0
Bayer d.o.o.
   Belgrade/Serbia & Montenegro   100,0
Bayer d.o.o.
   Zagreb/Croatia   100,0
Bayer de Mexico, S.A. de C.V.
   Mexico City/Mexico   100,0
Bayer Diagnostics Europe Ltd.
   Dublin/Ireland   100,0
Bayer Diagnostics India Limited
   Baroda/India     51,0
Bayer Diagnostics Manufacturing (Sudbury) Limited
   Newbury/United Kingdom   100,0
Bayer Diagnostics Manufacturing Limited
   Bridgend/United Kingdom   100,0
Bayer Diagnostics Manufacturing Limited
   Swords/Ireland   100,0
Bayer Diagnostics S.A.
   Puteaux Cedex/France     99,9
Bayer Diagnostics S.r.l.
   Milan/Italy   100,0
Bayer East Africa Ltd.
   Nairobi/Kenya     51,7
Bayer Environmental Science S.A.S.
   Lyon/France   100,0
Bayer Far East Service Co. Ltd.
   Hongkong/China     98,0
Bayer Gastronomie GmbH
   Leverkusen/Germany   100,0
Bayer Gesellschaft für Beteiligungen mbH
   Leverkusen/Germany   100,0
Bayer Guangyi Panel Co. Ltd.
   Beijing/China     92,3
Bayer HealthCare AG
   Leverkusen/Germany   100,0
Bayer Healthcare Co. Ltd.
   Beijing/China   100,0
Bayer HealthCare Limited
   Hongkong/China   100,0
 
+)   voting-right different from effective interest
 
*)   under uniform control of Bayer AG

 

 

Page 3
Investments in subsidiaries and other companies
(acc. to Art. 313 para. 2 German Commercial Code <GCC>)
Dec. 31, 2005
(1) Companies included in the consolidated statements (Art. 294 GCC)
           
        Effective
        interest
Name of the company   Place of business   in %
Bayer HealthCare LLC
   Pittsburgh/USA   100,0  
Bayer HealthCare S.A.
   Casablanca/Morocco   49,0  *)
Bayer Hellas AG
   Athens/Greece   100,0  
Bayer Hispania, S.L.
   Barcelona/Spain   100,0  
BAYER HUNGARIA Kft.
   Budapest/Hungary   100,0  
Bayer Ilac Fabrikalari Anonim Sireti
   Istanbul/Turkey   100,0  
Bayer Immobiliere Maroc SARL
   Casablanca/Morocco   100,0  
Bayer Inc.
   Toronto/Canada   100,0  
Bayer Industry Services GmbH & Co. OHG
   Leverkusen/Germany   60,0  
Bayer Innovation GmbH
   Duesseldorf/Germany   100,0  
Bayer International S.A.
   Fribourg/Switzerland   99,7  
Bayer Iranchemie AG
   Teheran/Iran   99,7  
Bayer Jinling Polyurethane Company Ltd.
   Nanjing/China   55,0  
Bayer Kimya Üretim ve Hizmet Limited Sirketi
   Istanbul/Turkey   99,8  
Bayer Korea Ltd.
   Seoul/Korea Republic   100,0  
Bayer Limited
   Swords/Ireland   100,0  
Bayer Ltd.
   Kiev/Ukraina   99,9  
Bayer Ltd.
   Tokyo/Japan   100,0  
Bayer Maghreb S.A.
   Casablanca/Morocco   99,9  
Bayer MaterialScience AG
   Leverkusen/Germany   100,0  
Bayer MaterialScience Customer Services GmbH
   Leverkusen/Germany   100,0  
Bayer MaterialScience Limited
   Hongkong/China   100,0  
Bayer MaterialScience LLC
   Pittsburgh/USA   100,0  
Bayer MaterialScience Private Limited
   New Delhi/India   100,0  
Bayer MaterialScience S.r.l.
   Milan/Italy   100,0  
Bayer MaterialScience Trading (Shanghai) Company Limited
   Shanghai/China   100,0  
Bayer Medical Ltd.
   Tokyo/Japan   100,0  
Bayer New Zealand Limited
   Auckland/New Zealand   100,0  
Bayer Oy
   Espoo/Finland   100,0  
Bayer Pakistan (Private) Limited
   Karachi/Pakistan   99,9  
Bayer Panama, S.A.
   Panama City/Panama   100,0  
Bayer Pharma d.o.o.
   Ljubljana/Slovenia   100,0  
Bayer Pharma SAS
   Puteaux/France   99,9  
Bayer Pharmaceuticals Corporation
   West Haven/USA   100,0  
Bayer Pharmaceuticals Private Limited
   Mumbai/India   100,0  
Bayer Philippines, Inc.
   Manila/Philippines   100,0  
Bayer Polimeros S.L.
   Barcelona/Spain   100,0  
Bayer Polychem (India) Limited
   Thane/India   100,0  
Bayer Polymers Shanghai Co. Ltd.
   Shanghai/China   90,0  
Bayer Polyols S.N.C.
   Puteaux/France   100,0  
Bayer Polyurethanes (Shanghai) Co. Ltd.
   Shanghai/China   100,0  
Bayer Polyurethanes B.V.
   Mijdrecht/Netherlands   100,0  
Bayer Polyurethanes Taiwan Ltd.
   Taipei/Taiwan   94,9  
Bayer Portugal S.A.
   Lisbon/Portugal   99,9  
Bayer Public Limited Company
   Newbury/United Kingdom   100,0  
Bayer Puerto Rico Inc.
   Guaynabo/Puerto Rico   100,0  
Bayer S.A.
   Asuncion/Paraguay   93,3  
Bayer S.A.
   Bogota/Columbia   99,9  
Bayer S.A.
   Buenos Aires/Argentina   99,9  
Bayer S.A.
   Caracas/Venezuela   100,0  
Bayer S.A.
   Colon/Panama   100,0  
 
+)   voting-right different from effective interest
 
*)   under uniform control of Bayer AG

 

 

Page 4
Investments in subsidiaries and other companies
(acc. to Art. 313 para. 2 German Commercial Code <GCC>)
Dec. 31, 2005
(1) Companies included in the consolidated statements (Art. 294 GCC)
           
        Effective
        interest
Name of the company   Place of business   in %
Bayer S.A.
   Guatemala City/Guatemala   99,9  
Bayer S.A.
   Lima/Peru   89,4  
Bayer S.A.
   Managua/Nicaragua   100,0  
Bayer S.A.
   Quito/Ecuador   100,0  
Bayer S.A.
   San Jose/Costa Rica   100,0  
Bayer S.A.
   Santiago de Chile/Chile   100,0  
Bayer S.A.
   Santo Domingo/Dominican Republic   99,9  
Bayer S.A.
   Sao Paulo/Brazil   99,9  
Bayer S.A. de C.V.
   Tegucigalpa/Honduras   99,6  
Bayer S.A.-N.V.
   Brussels/Belgium   99,9  
Bayer S.A.S.
   Puteaux/France   99,9  
Bayer S.p.A.
   Milan/Italy   100,0  
BAYER S.R.O.
   Prague/Czech Republic   100,0  
Bayer SA
   Montevideo/Uruguay   100,0  
Bayer Sante Familiale SAS
   Gaillard/France   100,0  
Bayer Sewon Ltd.
   Kimhae-City/Korea Republic   100,0  
Bayer Sheet Europe GmbH
   Darmstadt/Germany   100,0  
Bayer Sheet Europe N.V.
   Tielt/Belgium   100,0  
Bayer Sheet Europe S.p.A.
   Milan/Italy   90,0  
Bayer South East Asia Pte Ltd.
   Singapore/Singapore   100,0  
BAYER SP.Z.O.O.
   Warsaw/Poland   100,0  
Bayer Taiwan Company Ltd.
   Taipei/Taiwan   100,0  
Bayer Technology Services (Shanghai) Co. Ltd.
   Shanghai/China   100,0  
Bayer Technology Services GmbH
   Leverkusen/Germany   100,0  
BAYER THAI COMPANY LIMITED
   Bangkok/Thailand   99,9  
Bayer Türk Kimya Sanayi Limited Sirketi
   Istanbul/Turkey   100,0  
Bayer UK Limited
   Newbury/United Kingdom   100,0  
Bayer Vietnam Ltd.
   Bien Hoa City/Vietnam   100,0  
Bayer Vital GmbH
   Leverkusen/Germany   100,0  
Bayer Yakuhin, Ltd.
   Osaka/Japan   100,0  
Bayer, S.A.
   San Salvador/El Salvador   100,0  
Bayer, spol. s.r.o.
   Bratislava/Slovakia   100,0  
Bayer-Handelsgesellschaft mbH
   Leverkusen/Germany   100,0  
Bayer-Kaufhaus GmbH
   Leverkusen/Germany   100,0  
Bayfin GmbH
   Leverkusen/Germany   100,0  
Baypo I LLC
   Wilmington/USA   100,0  
Baypo II LLC
   Wilmington/USA   100,0  
BAYPO Limited Partnership
   Wilmington/USA   100,0  
BaySystems Iberia, S.L.
   Tarragona/Spain   100,0  
BaySystems North America LLC
   Pittsburgh/USA   100,0  
BCS Tianjin Company Ltd.
   Tianjin/China   73,8  
Bilag Industries Private Ltd.
   Andheri/India   93,7  
Biogenetic Technologies BV
   Rotterdam/Netherlands   100,0  
BIPPO Corporation
   Wilmington/USA   100,0  
CaseTech GmbH & Co. KG
   Walsrode/Germany   100,0  
Chemie-Beteiligungsaktiengesellschaft
   Glarus/Switzerland   100,0  
Chemion Logistik GmbH
   Leverkusen/Germany   100,0  
Company 113 Corporation
   Springfield/USA   100,0  
Cooper Land Company of New Jersey, Inc.
   Tarrytown/USA   100,0  
Corporacion Bonima S.A. de C.V.
   Ilopango/El Salvador   99,2  
C-Qentec Diagnostics Pty. Ltd.
   Epping/Australia   100,0  
 
+)   voting-right different from effective interest
 
*)   under uniform control of Bayer AG

 

 

Page 5
Investments in subsidiaries and other companies
(acc. to Art. 313 para. 2 German Commercial Code <GCC>)
Dec. 31, 2005
(1) Companies included in the consolidated statements (Art. 294 GCC)
           
        Effective
        interest
Name of the company   Place of business   in %
Cropsa Ltda.
   Bogota/Columbia   99,9  
CROPSA S.A.C.
   Lima/Peru   100,0  
Deerfield Urethane, Inc.
   South Deerfield/USA   100,0  
Deltapur S.p.A.
   Mussolente/Italy   100,0  
Drugofa GmbH
   Cologne/Germany   100,0  
Dynevo GmbH
   Leverkusen/Germany   100,0  
DYSTAR HOLDING COMPANY
   Wilmington/USA   100,0  
EPUREX Films GmbH & Co. KG
   Walsrode/Germany   100,0  
Erste K-W-A Beteiligungsgesellschaft mbH
   Leverkusen/Germany   100,0  
Euroservices Bayer GmbH
   Leverkusen/Germany   100,0  
Euroservices Bayer S.L.
   Barcelona/Spain   100,0  
Generics Holding GmbH
   Leverkusen/Germany   100,0  
GeWoGe Gesellschaft für Wohnen und Gebäudemanagement mbH
   Leverkusen/Germany   100,0  
GIGAS Grundstücks-Vermietungs-GmbH & Co., Objekt Monheim KG
   Duesseldorf/Germany   95,0  
GP Grenzach Produktions GmbH
   Grenzach/Germany   100,0  
H. C. Starck GmbH
   Goslar/Germany   100,0  
H. C. Starck Inc.
   Newton/USA   100,0  
H.C. Starck (West Horndon) Ltd.
   Essex/United Kingdom   100,0  
H.C. Starck Ceramics GmbH & Co. KG
   Selb/Germany   100,0  
H.C. Starck Co. Ltd.
   Map Ta Phut/Thailand   95,0  
H.C. Starck Hermsdorf GmbH
   Hermsdorf/Germany   100,0  
H.C. Starck Hermsdorf Vermögensverwaltungs-GmbH & Co. KG
   Hermsdorf/Germany   100,0  
H.C. Starck Holding Inc.
   Cleveland/USA   100,0  
H.C. Starck Ltd.
   Calne/United Kingdom   100,0  
H.C. Starck Ltd.
   Tokyo/Japan   100,0  
Hennecke GmbH
   Leverkusen/Germany   100,0  
Hild Samen GmbH
   Marbach am Neckar/Germany   100,0  
Hybrid Rice International Pvt. Ltd.
   Hyderabad/India   100,0  
KG III Augusta Grundstücksverwaltungsgesellschaft mbH & Co.
   Mainz/Germany   49,0  +)
KVP Pharma+Veterinär-Produkte GmbH
   Kiel/Germany   100,0  
Laserlite Australia Pty. Ltd.
   Pymble/Australia   100,0  
Mediterranean Seeds Ltd.
   Einat/Israel   100,0  
MultiPUR S.A.S.U.
   Puteaux/France   99,9  
Nunhems BV
   Nunhem/Netherlands   100,0  
Nunhems Chile S.A.
   Santiago de Chile/Chile   100,0  
Nunhems do Brasil Comercio de Sementes Ltda
   Campinas/Brazil   100,0  
Nunhems France S.A.R.L.
   Soucelle/France   100,0  
Nunhems Hungary Kft.
   Szolnok/Hungary   100,0  
Nunhems Italy S.r.l.
   St. Agata Bolognes/Italy   100,0  
Nunhems Mexico S.A. de C.V.
   Queretaro/Mexico   99,0  
Nunhems Netherlands B.V.
   Nunhem/Netherlands   100,0  
Nunhems Poland Sp.Zo.o.
   Poznan/Poland   100,0  
Nunhems Seeds Private Ltd.
   Haryana/India   100,0  
Nunhems Spain, S.A.
   Valencia/Spain   100,0  
Nunhems Tohumculuk Limited Sirketi
   Antalya/Turkey   100,0  
Nunhems USA, Inc.
   Morgan Hill/USA   100,0  
OOO Bayer CropScience
   Moscow/Russia   100,0  
Pallas Versicherung Aktiengesellschaft
   Leverkusen/Germany   100,0  
pbi Home & Garden Limited
   Waltham Cross/United Kingdom   100,0  
Pharbenia S.r.l.
   Milan/Italy   100,0  
Plant Genetics System International NV
   Den Haag/Netherlands   100,0  
 
+)   voting-right different from effective interest
 
*)   under uniform control of Bayer AG

 

 

Page 6
Investments in subsidiaries and other companies
(acc. to Art. 313 para. 2 German Commercial Code <GCC>)
Dec. 31, 2005
(1) Companies included in the consolidated statements (Art. 294 GCC)
           
        Effective
        interest
Name of the company   Place of business   in %
Proagro Seed Company Pvt. Ltd.
   Hyderabad/India   100,0  
Probis GmbH
   Walsrode/Germany   100,0  
PT Bayer Indonesia
   Jakarta/Indonesia   99,8  
PT Bayer Kimia Farmasindo
   Jakarta/Indonesia   100,0  
PT Bayer MaterialScience Indonesia
   Jakarta/Indonesia   100,0  
Química Farmaceutica Bayer, S.A.
   Barcelona/Spain   100,0  
SC Bayer SRL
   Bucharest/Romania   100,0  
Sheffield Plastics Inc.
   Sheffield/USA   100,0  
Societe de Conditionnement Bayer S.A.R.L.
   Marle-Sur-Serre/France   99,9  
Sportrechte Vermarktungs- und Verwertungs-GmbH & Co. oHG
   Leverkusen/Germany   100,0  
STWB Inc.
   New York/USA   100,0  
Sumika Bayer Urethane Co., Ltd.
   Amagasaki/Japan   60,0  
Sunseeds Holding Ltd.
   Port Louis/Mauritius   100,0  
Suomen Tectrade Oy
   Rusko/Finland   100,0  
Tectrade A/S
   Otterup/Denmark   100,0  
TravelBoard GmbH
   Leverkusen/Germany   100,0  
UIM Agrochemicals Pty. Ltd.
   East Hawthorn/Australia   100,0  
UIM Consolidated Ltd.
   East Hawthorn/Australia   100,0  
Viterion TeleHealthcare LLC
   Tarrytown/USA   51,0  
Wolff Cellulosics GmbH & Co. KG
   Walsrode/Germany   100,0  
Wolff Walsrode Aktiengesellschaft
   Walsrode/Germany   100,0  
Zweite K-W-A Beteiligungsgesellschaft mbH
   Leverkusen/Germany   100,0  
 
+)   voting-right different from effective interest
 
*)   under uniform control of Bayer AG

 

 

Page 7
Investments in subsidiaries and other companies
(acc. to Art. 313 para. 2 German Commercial Code <GCC>)
Dec. 31, 2005
(2) Joint ventures consolidated on a pro rate basis (Art. 310 GCC)
         
        Effective
        interest
Name of the company   Place of business   in %
Bayer IMSA, S.A. de C.V.
   Leon/Mexico   50,0
BayOne Urethane Systems LLC
   St. Louis/USA   50,0
BÜFA Polyurethane GmbH & Co. KG
   Oldenburg/Germany   50,0
Exatec, LLC
   Wixom/USA   50,0
INDURISK RÜCKVERSICHERUNG AG
   Luxembourg/Luxembourg   50,0

 

 

Page 8
Investments in subsidiaries and other companies
(acc. to Art. para. 2 German Commercial Code <GCC>)
Dec. 31, 2005
(3) Non-consolidated subsidiaries included at their equity values (Art. 312 GCC)
           
        Effective
        interest
Name of the company   Place of business   in %  
AEROVANCE, INC.
   Berkeley/USA   19,8  
DIC Bayer Polymer Ltd.
   Tokyo/Japan   50,0  
GE Bayer Silicones GmbH & Co. KG
   Duesseldorf/Germany   49,9  
GE Bayer Silicones Verwaltungs-GmbH
   Duesseldorf/Germany   49,9  
Gebr. Borchers AG
   Goslar/Germany   100,0  
H.C.S.T. Corp.
   New York/USA   100,0  
Lyondell Bayer Manufacturing Maasvlakte VOF
   Rotterdam/Netherlands   50,0  
Miles, S.A. Guatemala Branch
   Guatemala City/Guatemala   100,0  
Palthough Industries (1998) Ltd.
   Kibbutz Ramat Yochanan/Israel   20,0  
PO JV, LP
   Greenville/USA   42,7  
Polygal Plastics Industries Ltd.
   Kibbutz Ramat Yochanan/Israel   25,8  

 

 

Page 9
Investments in subsidiaries and other companies
(acc. to Art. 313 para. 2 German Commercial Code <GCC>)
Dec. 31, 2005
(4) Subsidiaries not included in the consolidated financial statements (Art. 296 GCC)
           
        Effective
        interest
Name of the company   Place of business   in %  
1. BBSV GmbH
   Leverkusen/Germany   100,0  
1. BCrSV GmbH
   Leverkusen/Germany   100,0  
1. BPOV GmbH
   Leverkusen/Germany   100,0  
2. BHCV GmbH
   Leverkusen/Germany   100,0  
Abuakwa Formulation Plant Limited
   Kumasi/Ghana   51,0  
AF Personalpartner GmbH
   Walsrode/Germany   100,0  
Agreva GmbH
   Frankfurt/Germany   100,0  
AgrEvo (Thailand) Limited
   Bangkok/Thailand   99,9  
AgrEvo East Africa Ltd.
   Nairobi/Kenya   100,0  
AgrEvo Middle East (Cyprus) Ltd.
   Limassol/Cyprus   100,0  
AgrEvo Verwaltungsgesellschaft mbH
   Frankfurt/Germany   100,0  
AI Anti-Infectives Research & Development Verwaltungs-GmbH
   Leverkusen/Germany   100,0  
Ausbildungsinitiative Rheinland GmbH
   Leverkusen/Germany   100,0  
Aventis CropScience Malawi Ltd.
   Blantyre/Malawi   100,0  
Baycare S.r.l.
   Milan/Italy   100,0  
Baydiag Ltda.
   Sao Paulo/Brazil   100,0  
Bayer 04 Leverkusen Sportförderung GmbH
   Leverkusen/Germany   100,0  
Bayer Algerie S.P.A.
   Algiers/Algeria   79,6  
Bayer Animal Health (Pty) Ltd.
   Isando/South Africa   100,0  
Bayer CropScience (OHQ) (Malaysia) Sdn Bhd
   Kuala Lumpur/Malaysia   100,0  
Bayer CropScience Boliviana Ltda
   Santa Cruz De La Sierra/Bolivia   100,0  
Bayer CropScience Cameroun SARL
   Douala/Cameroon   100,0  
Bayer CropScience Cote D’Ivoire SA
   Abidjan/Ivory Coast   99,8  
Bayer CropScience Ireland Limited
   Swords/Ireland   100,0  
Bayer CropScience Ltd.
   Dhaka/Bangladesh   60,0  
Bayer CropScience Seeds Pty Ltd
   Toowoomba/Australia   100,0  
Bayer CropScience Superannuation Pty. Ltd.
   East Hawthorn/Australia   100,0  
Bayer CropScience Zimbabwe (Private) Limited
   Harare/Zimbabwe   100,0  
Bayer Environmental Health (Malaysia) Sdn Bhd
   Kuala Lumpur/Malaysia   100,0  
Bayer Environmental Health Singaore Private Limited
   Singapore/Singapore   100,0  
Bayer Generikaprodukte GmbH
   Leverkusen/Germany   100,0  
Bayer Healthcare Srl
   Milan/Italy   100,0  
Bayer Industry Services Geschäftsführungs-GmbH
   Leverkusen/Germany   100,0  
Bayer Innovation Ventures GmbH
   Duesseldorf/Germany   100,0  
Bayer International Services G.m.b.H.
   Leverkusen/Germany   100,0  
Bayer Kenya Ltd.
   Nairobi/Kenya   100,0  
Bayer MaterialScience Customer Services Geschäftsführungs-GmbH
   Leverkusen/Germany   100,0  
Bayer Middle East, Ltd.
   Cairo/Egypt   93,0  
Bayer Namibia (Proprietary) Limited
   Windhoek/Namibia   100,0  
Bayer Pharma d.o.o.
   Zagreb/Croatia   100,0  
Bayer Pharma d.o.o. Sarajevo
   Sarajevo/Bosnia & Herzegovina   100,0  
Bayer Unterstützungskasse GmbH
   Leverkusen/Germany   100,0  
Bayer Verwaltungsgesellschaft für Anlagevermögen m.b.H.
   Leverkusen/Germany   100,0  
Bayer Zimbabwe (Private) Limited
   Harare/Zimbabwe   100,0  
Bayhealth Comercializacao de Produtos Farmaceuticos Unipessoal Lda.
   Lisbon/Portugal   100,0  
BAYHEALTH S.L.
   Barcelona/Spain   100,0  
Bayropharm Medica, S.L.
   Barcelona/Spain   100,0  
BAYROPHARM S.L.
   Barcelona/Spain   100,0  
BCS (Private) Limited
   Karachi/Pakistan   100,0  
 
+) voting-right different from effective interest

 

 

Page 10
Investments in subsidiaries and other companies
(acc. to Art. 313 para. 2 German Commercial Code <GCC>)
Dec. 31, 2005
(4) Subsidiaries not included in the consolidated financial statements (Art. 296 GCC)
           
        Effective
        interest
Name of the company   Place of business   in %
BCS CR s.r.o.
   Brno/Czech Republic   100,0
BCS Romania Srl
   Bucharest/Romania   100,0
BCS, S.A.
   Santiago/Dominican Republic   99,9
Burril Agbio Capital Fund II, Limited Partnership
   San Francisco/USA   99,0
Burrill Agbio Capital Fund Annex Limited Partnership
   Wilmington/USA   76,2
Burrill Agbio Captial Fund Limited Partnership
   Wilmington/USA   76,2
CaseTech Geschäftsführungs-GmbH
   Walsrode/Germany   100,0
CENTROFARMA-Industria e Comercio de Prod. Farmaceuticos,Lda.
   Coimbra/Portugal   100,0
Chemdyes Pakistan (Private) Limited
   Karachi/Pakistan   99,9
Chemische Fabrik Altherzberg GmbH
   Goslar/Germany   100,0
Chemische Fabriken Oker und Braunschweig AG
   Goslar/Germany   99,2
Comercial Interamericana, S.A.
   Guatemala City/Guatemala   100,0
Comercial Interamericana, S.A. de C.V.
   Tegucigalpa/Honduras   99,8
Corp. Farmaceutica Interamericana, S.A.
   Managua/Nicaragua   99,7
CropScience Tanzania Limited
   Arusha/Tanzania   100,0
CropScience Uganda Limited
   Kampala/Uganda   100,0
Dritte BV GmbH
   Leverkusen/Germany   100,0
DV Dämmstoffe GmbH
   Leverkusen/Germany   100,0
Egytrade for Import and Export Ltd.
   Cairo/Egypt   99,4
Ehrfeld Mikrotechnik BTS GmbH
   Wendelsheim/Germany   100,0
EPUREX Films Geschäftsführungs-GmbH
   Walsrode/Germany   100,0
Farbenfabriken Bayer GmbH
   Leverkusen/Germany   100,0
Farmaco Ltda.
   Sao Paulo/Brazil   99,9
FBC Industrial Chemical Ltd.
   CambridgeUnited Kingdom   100,0
GENUS Grundstücks- und Vermietungsgesellschaft mbH & Co.KG
   Duesseldorf/Germany   100,0
Gerhard Peter GmbH
   Walsrode/Germany   100,0
H.C. Starck AB
   Helsingborg/Sweden   100,0
H.C. Starck Ceramics Geschäftsführungs-GmbH
   Selb/Germany   100,0
H.C. Starck Hermsdorf Vermögensverw. Geschäftsführungs GmbH
   Hermsdorf/Germany   100,0
Hennecke Maruka (Shanghai) Limited
   Caojing/China   85,0
Hennecke-Maruka Asia Pte Ltd
   Singapore/Singapore   60,0
Immobiliere Avenue Louise et Rue de Livourne S.A.
   Brussels/Belgium   100,0
Industrias Gustafson, S.A. de C.V.
   Mexico City/Mexico   98,0
Innovative Dutch Electro Ceramics Pilot Production B.V.
   Petten/Netherlands   63,5
Job@ctive GmbH
   Leverkusen/Germany   100,0
Kyrgyz Agra Investment Company Ltd.
   Nicosia/Cyprus   61,4
Milborrow Animal Health (Proprietary) Limited
   Isando/South Africa   100,0
Mincape (Pty) Ltd.
   Centurion/South Africa   100,0
Molypress Deutschland GmbH
   Hermsdorf/Germany   100,0
Myanmar Aventis CropScience Ltd.
   Yangon/Myanmar   100,0
Previbayer Sociedade de Previdencia Privada
   Sao Paulo/Brazil   100,0
Proagro Hybrid International Ltd.
   Mumbai/India   100,0
Quimicas Unidas S.A.
   Havana/Cuba   100,0
Reldy Ltd.
   Cambridge/United Kingdom   100,0
Rhone-Poulenc (Caribbean) Ltd.
   Kingston/Jamaica   100,0
RHONE-POULENC AGRO (THAILAND) COMPANY LIMITED
   Bangkok/Thailand   99,5
Societe Immobiliere Distri S.A.
   Puteaux/France   100,0
Stapleford Services Ltd.
   Cambridge/United Kingdom   99,0
Stefes Import/Export GmbH
   Kerpen/Germany   100,0
 
+) voting-right different from effective interest

 

 

Page 11
Investments in subsidiaries and other companies
(acc. to Art. 313 para. 2 German Commercial Code <GCC>)
Dec. 31, 2005
(4) Subsidiaries not included in the consolidated financial statements (Art. 296 GCC)
           
        Effective
        interest
Name of the company   Place of business   in %  
The SDI Divestiture Corporation
   Cincinnati/USA   100,0  
Trustee of the CropScience Pension Fund Ltd.
   Cambridge (Hauxton)/United Kingdom   100,0  
TWINAGRO LIMITED
   Newbury/United Kingdom   100,0  
Vapeltar, A.I.E.
   Barcelona/Spain   60,0  
Vierte BV GmbH
   Leverkusen/Germany   100,0  
Visible Genetics B.V.
   Amsterdam/Netherlands   100,0  
Visible Genetics Israel Ltd.
   Tel Aviv/Israel   100,0  
Visible Genetics UK Ltd.
   Buckinghamshire/United Kingdom   100,0  
Wolff Cellulosics Geschäftsführungs-GmbH
   Walsrode/Germany   100,0  
ZAO Rhone-Poulenc AO
   Moscow/Russia   100,0  
 
+) voting-right different from effective interest

 

 

Page 12
Investments in subsidiaries and other companies
(acc. to Art. 313 para. 2 German Commercial Code <GCC>)
Dec. 31, 2005
(5) Associated companies not included at their equity values (Art. 311 para. 2 GCC)
           
        Effective
        interest
Name of the company   Place of business   in %
Axxam Srl
   Milan/Italy   24,5  
BAYDEG Kautschukchemikalien GmbH
   Leverkusen/Germany   50,0  
Bayer DAS (Private) Limited
   Karachi/Pakistan   50,0  
BaySecur GmbH
   Leverkusen/Germany   49,0  
BaySports-Travel GmbH
   Leverkusen/Germany   50,0  
Bioregion Halle-Leipzig Management GmbH
   Halle/Germany   24,0  
BÜFA Polyurethane Verwaltungs GmbH
   Oldenburg/Germany   100,0  
Burrill Nutraceuticals Capital Fund Limited Partnership
   Wilmington/USA   33,0  
Coopers Environmental Health Pty Ltd.
   Pomona Gardens/South Africa   30,0  
Cotton Growers Services Pty. Ltd.
   Wee Waa/Australia   50,0  
DISALFARM, S.A.
   Barcelona/Spain   33,3  
Eigenjagd Logemann/Wolff GbR
   Walsrode/Germany   45,5  
EMP-Estrusione Materiali Plastici S.A.
   Stabio/Switzerland   42,2  
Exatec Geschäftsführungs-GmbH
   Bergisch Gladbach/Germany   100,0  
Exatec GmbH & Co. KG
   Bergisch Gladbach/Germany   50,0  
Farmanet S.A.
   Munro/Argentina   20,0  
Faserwerke Hüls GmbH
   Marl/Germany   50,0  
GIGAS Grundstücks-Vermietungsgesellschaft mbH
   Duesseldorf/Germany   20,0  +)
Ginger GmbH
   Ludwigshafen/Germany   22,0  
Gründer- und Innovationszentrum Leverkusen GmbH
   Leverkusen/Germany   25,0  
IPW Sicherheitsdienst GmbH
   Walsrode/Germany   25,2  
Konsortium Hennecke GmbH, W+K Industrie Technik GmbH&Co. GbR
   Sankt Augustin/Germany   50,0  
Kyrghyz Agro Investment
   Bishkek/Kirghistan   51,0  
Millenium Materials Technologies Fund II Ltd.
   Tel Aviv/Israel   20,0  
OMNEXUS N.V.
   Amsterdam/Netherlands   22,0  
PharmaNetics, Inc
   Morrisville/USA   21,8  
PYCO SA
   Mont de Marsan/France   47,0  
Sauerstoff- und Stickstoffrohrleitungsgesellschaft mbH
   Krefeld/Germany   50,0  
Schein Pharmaceutical Canada, Inc.
   Ontario/Canada   50,0  
Societe Immobiliere de Gaillard d’Economie Mixte (SIGEM)
   Gaillard/France   48,0  
Solavista GmbH & Co. KG
   Potsdam/Germany   50,0  
Solavista Verwaltungs GmbH
   Potsdam/Germany   50,0  
Staxera GmbH
   Dresden/Germany   100,0  
STAXERA Holding GmbH & Co. KG
   Dresden/Germany   50,0  
STAXERA Holding Verwaltungsgesellschaft mbH
   Dresden/Germany   50,0  
SuNyx GmbH
   Leverkusen/Germany   41,9  
Teijin-Bayer Polytec Ltd.
   Tokyo/Japan   50,0  
Tribel Trat de Resid Indust B Roxo S/A
   Belford Roxo/Brazil   50,0  
Wenkem SA (Proprietary) Limited
   Midrand/South Africa   24,9  

 

 

Page 13
Investments in subsidiaries and other companies
(acc. to Art. 313 para. 2 German Commercial Code <GCC>)
Dec. 31, 2005
(6) Other material interests
         
        Effective
        interest
Name of the company   Place of business   in %
CuraGen Corporation
   West Haven/USA   6,4
LION Bioscience AG
   Heidelberg/Germany   7,0