Utilize the input text as a context reference, choose the right relationship between Covestro and Bayer from the options. Options: product/material produced, manufacturer, distributed by, industry, position held, original broadcaster, owned by, founded by, distribution format, headquarters location, stock exchange, currency, parent organization, chief executive officer, director/manager, owner of, operator, member of, employer, chairperson, platform, subsidiary, legal form, publisher, developer, brand, business division, location of formation, creator.

Fri, Sep 4, 2015, 11:05 BST - UK Markets close in 5 hrs 25 mins Bayer says Covestro unit to go public in Q4 AFP – 28 minutes ago View Photo

Answer: owned_by