MOSCOW (MRC) -- Some three months after its admission to the MDAX index, Covestro joined another major index family – the STOXX Europe 600 and the associated sector indices, said the producer in its press release.
Inclusion in the STOXX Europe 600 index, which comprises 600 companies from 18 countries across Europe means that Covestro is now also listed in an international share index.
"We are delighted to be included in this important index family," says Covestro CFO Frank H. Lutz. "The move is a reflection of the great interest displayed by investors and the gratifying performance of our stock since our IPO. It will raise the visibility of Covestro shares on the international financial markets in the future."
The STOXX Europe 600 represents large, mid and small sized companies across 18 different countries, including France, Germany and the UK.
As MRC imformed earlier, from September 1, 2015, Bayer MaterialScience became known as Covestro. Bayer aims to float this business on the stock market by mid-2016 at the latest. The plans for the carve-out of Bayer MaterialScience were announced in September 2014.
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 2015 employed approximately 15,800 people (full-time equivalents).
MRC