Monday, 16 July 2018 - 5:48
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Covestro

Bayer sells 10% of stake in Covestro and raises €1.2bn

Bayer sold as much as €19m in shares in its subsidiary Covestro between Wednesday and Thursday, at €63.25 per share, to various investment funds. The transaction fetched the Leverkusen-headquartered group approximately €1.2bn, although the company still owns 31.5% of Covestro….

Bayer to sell 10.9% of stake in Covestro and to raise €1.5bn

Bayer announced yesterday evening it plans to sell a part of its 64.2% stake in subsidiary Covestro. The company informed this morning, before stock markets opened, that it has offered to the market 22 million Covestro shares, equaling 10.9% of…

Covestro to become the world’s largest polycarbonate producer

Covestro inaugurated today two new production lines in its polycarbonates plant in Shanghai, doubling the site production capacities ($3bn having been invested in it) which now sums up to 400KmT. Thanks to this new capacity expansion, Covestro becomes the world’s…