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.

Bayer AG’s Covestro plastics unit, which opened its 2.5 billion-euro IPO to investors on Monday, has yet to find demand for all the shares on offer, according to people familiar with the matter.

Answer: owned_by