Bayer CEO says he will not break up the company for now

Bayer said on Tuesday that it does not plan to change the group's diversified structure in the near future and will instead focus on improving the operating performance of the maker of drugs and farming products.

"Our answer is 'not now' – and this shouldn't be misunderstood as 'never'," CEO Bill Anderson said in a statement. "Of course, we will keep an open mind," he added.