Covestro included in MSCI index
Materials manufacturer logs another success on the stock markets
Materials manufacturer Covestro will soon be a member of another key stock index: As of the close of trading on May 31, the company will be included in the MSCI Global Standard Germany Index. A publically traded company since October 2015, Covestro is already listed in the MDAX and the STOXX Europe 600 indices.
"We are delighted about the announcement by MSCI, which indicates that investors continue to have strong interest in our stock," said Covestro Chief Financial Officer Frank H. Lutz. "The planned step is of major global significance for a number of stock funds that replicate the MSCI indices. This will further heighten awareness of Covestro shares on the global financial markets."
With 2015 sales of EUR 12.1 billion, Covestro is among the world's largest polymer companies. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main segments served are the automotive, electrical and electronics, construction and the sports and leisure industries. Covestro, formerly Bayer MaterialScience, has 30 production sites around the globe and as of the end of the first quarter 2016 employed approximately 15,700 people (full-time equivalents).
This press release may contain forward-looking statements based on current assumptions and forecasts made by Covestro AG. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Covestro's public reports which are available on the Covestro website at www.covestro.com. Covestro assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.