Edition:
United States

Covestro AG (1COV.DE)

1COV.DE on Xetra

85.44EUR
14 Dec 2017
Change (% chg)

-- (--)
Prev Close
€85.44
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
544,295
52-wk High
€88.41
52-wk Low
€61.07

Latest Key Developments (Source: Significant Developments)

Covestro and Haier sign global strategic cooperation agreement​
Monday, 30 Oct 2017 05:05am EDT 

Oct 30 (Reuters) - COVESTRO AG <1COV.DE>::‍COVESTRO AND HAIER SIGN GLOBAL STRATEGIC COOPERATION AGREEMENT​.  Full Article

Covestro will seek approval for more buybacks -CEO
Tuesday, 24 Oct 2017 03:00am EDT 

Oct 24 (Reuters) - Covestro <1COV.DE>:Ceo says share buyback was maximum allowed under agm vote, will ask for approval at next agm to buy back another 10 percent of stock capital.Ceo says multiples to pay in m&a have been "way too high", couldn't find anything that was value-creating.Ceo says will lift 2021 cumulative cash flow target at the end of this year or early next year.  Full Article

Covestro extends partnership with Mito Polimeri and Plastotecnica‍​
Friday, 21 Jul 2017 04:05am EDT 

July 21 (Reuters) - COVESTRO AG <1COV.DE>::EXTENDS PARTNERSHIP WITH MITO POLIMERI AND PLASTOTECNICA‍​.RENEWED LONG-STANDING CONTRACTS WITH ITS PARTNERS MITO POLIMERI AND PLASTOTECNICA FOR DISTRIBUTION OF HIGH-PERFORMANCE PLASTICS IN ITALY.  Full Article

Covestro launches expanded film production
Monday, 3 Jul 2017 04:32am EDT 

July 3 (Reuters) - COVESTRO AG <1COV.DE>:COVESTRO LAUNCHES EXPANDED FILM PRODUCTION.THE TOTAL INVESTMENT OF AROUND EUR 20 MILLION ALSO INCLUDES THE ASSOCIATED INFRASTRUCTURE AND LOGISTICS.  Full Article

Covestro CEO Patrick Thomas to assume role of interim CFO
Friday, 2 Jun 2017 01:06pm EDT 

June 2 (Reuters) - Covestro AG <1COV.DE>:Covestro: CEO Patrick Thomas takes over interim CFO responsibilities at Covestro.Long-Term successful strategy to be continued.CFO succession planning underway.CEO Patrick Thomas will assume role of interim CFO following resignation of Frank H. Lutz..  Full Article

Covestro: Markus Steilemann to become new Chairman of Board of Management
Wednesday, 24 May 2017 09:30am EDT 

May 24 (Reuters) - COVESTRO AG <1COV.DE>::SUPERVISORY BOARD OF COVESTRO HAS NAMED DR. MARKUS STEILEMANN AS SUCCESSOR OF PATRICK THOMAS AS CHAIRMAN OF COVESTRO BOARD OF MANAGEMENT IN TODAY'S MEETING.CONTRACT OF ACTING CEO PATRICK THOMAS REMAINS UNCHANGED UNTIL END OF SEPTEMBER 30, 2018.  Full Article

Covestro CFO says 2017 investment budget up 130 million eur at 550 million
Tuesday, 25 Apr 2017 02:00am EDT 

April 25 (Reuters) - Covestro <1COV.DE>:Cfo says mdi, polycarbonate units will likely sustain current strong margins over the long term, tdi market shows signs of overheating and margins will normalise.Cfo says 2017 investment budget up 130 million eur at 550 million eur, 2018 investment budget 650 million eur.  Full Article

Covestro expects 2017 EBITDA significantly above 2016 level-slides
Tuesday, 25 Apr 2017 01:40am EDT 

April 25 (Reuters) - Covestro <1COV.DE>:Says expects 2017 ebitda significantly above 2016 level, previously seen at or above 2016 - presentation slides.Covestro expects q2 ebitda significantly above year-earlier level - slides.  Full Article

Covestro continues MDI production in Tarragona
Thursday, 16 Mar 2017 07:00am EDT 

Covestro AG <1COV.DE>: Covestro continues MDI production in Tarragona . Covestro has resolved to continue manufacturing rigid foam precursor MDI in Tarragona (Spain) . Main reason for this decision was significant increase in demand for MDI . Has managed to get access to important raw materials - in particular chlorine - for Tarragona site for next years beyond end of 2017 .According to current plans, impact on employees will be minimized.  Full Article

Bayer places Covestro shares at 66.50 euros apiece
Wednesday, 1 Mar 2017 02:05am EST 

Bayer : Says has reduced its holding in Covestro from 64.2 percent to 53.3 percent . Says Places Covestro shares at 66.50 euros apiece . Says still expects a mid-single-digit percentage increase in core earnings per share from continuing operations in 2017 . Says Covestro will continue to be fully consolidated in Bayer’s statement of financial position .  Full Article

UPDATE 2-Bayer cuts Monsanto deal value to $63.5 bln on revised debt

* Shares drop 3 pct (Adds details on size, timing of cash call, industry background)