Click the icon to add a specified price to your Dashboard list. This makes it easy to keep track on the prices that matter most to you.
Covestro AG decides to apply for switch from the Prime Standard to the General Standard of the Frankfurt Stock Exchange.
The shares of Covestro AG (WKN 606214 / ISIN DE0006062144) are currently admitted to trading on the regulated market of the Frankfurt Stock Exchange and to the sub-segment of the regulated market with additional post-admission obligations (Prime Standard).
The Board of Management of Covestro AG today decided to apply for the revocation of the shares' admission to the Prime Standard and to switch to the General Standard. The change of stock market segment serves to reduce the additional expenses associated with listing in the Prime Standard.
The revocation of admission will take effect three months after the publication of the revocation decision by the management of the Frankfurt Stock Exchange on the Internet. The revocation does not affect the admission of Covestro AG shares to the regulated market.
About Covestro:
Covestro is one of the world’s leading manufacturers of high-quality polymer materials and their components. With its innovative products, processes and methods, the company helps enhance sustainability and the quality of life in many areas. Covestro supplies customers around the world in key industries such as mobility, building and living, as well as the electrical and electronics sector. In addition, polymers from Covestro are also used in sectors such as sports and leisure, telecommunications and health, as well as in the chemical industry itself.
The company is geared completely to the circular economy. In addition, Covestro aims to achieve climate neutrality for its Scope 1 and Scope 2 emissions by 2035, and the Group’s Scope 3 emissions are also set to be climate neutral by 2050. Covestro generated sales of EUR 14.2 billion in fiscal year 2024. At the end of 2024, the company had 46 production sites worldwide and employed approximately 17,500 people.
Note: This story has not been edited by The Polymerupdate Editorial team and is auto-generated from a syndicated feed.
