Covestro AG Announces Strategic Acquisition and Voting Rights Notification

Covestro AG, a leading German chemical company specializing in polymers and high-performance plastics, has recently made headlines with two significant developments. The company, headquartered in Leverkusen, is known for its diverse product range, including coatings, adhesives, and polycarbonates, serving industries such as automotive, construction, and healthcare.

Strategic Acquisition of Pontacol

On June 24, 2025, Covestro AG announced the acquisition of Pontacol, a Swiss manufacturer of specialized films. This strategic move aims to bolster Covestro’s presence in the medical technology and textile industries by expanding its product offerings in these sectors. The acquisition is expected to enhance Covestro’s competitive edge by broadening its customer base and strengthening its market position in the production of specialized films.

Voting Rights Notification

In a separate development, Covestro AG released a voting rights announcement on June 25, 2025, in compliance with Article 40, Section 1 of the German Securities Trading Act (WpHG). The announcement, disseminated by EQS News, a service of EQS Group, was aimed at ensuring Europe-wide distribution. The Ministry of Finance on behalf of the State of Norway was identified as the entity subject to the notification obligation. This notification pertains to the acquisition or disposal of shares with voting rights, although specific details regarding the changes in voting rights were not disclosed.

Financial Overview

As of June 23, 2025, Covestro AG’s close price stood at EUR 60.4, with a 52-week high of EUR 60.9 recorded on June 1, 2025, and a 52-week low of EUR 56.2 on November 20, 2024. The company is listed on the Frankfurt Stock Exchange and trades in euros.

These developments highlight Covestro AG’s ongoing efforts to expand its market reach and adapt to industry demands, positioning itself for sustained growth in the competitive chemicals sector.