Voting‑Rights Announcement

On 24 October 2025, Covestro AG issued a voting‑rights announcement pursuant to § 40 Abs. 1 WpHG, distributed through EQS News. The announcement, intended for Europe‑wide dissemination, details the company’s current shareholding structure. The issuer confirmed that the content is solely its responsibility. No specific changes to voting rights or shareholder composition were disclosed in the release.

Abu Dhabi National Oil Company (ADNOC) Acquisition Negotiations

A 14.7‑billion‑euro agreement between the Abu Dhabi National Oil Company (ADNOC) and Covestro has advanced to the stage where the European Commission is expected to grant approval. The deal, which had faced scrutiny over competition concerns, now benefits from ADNOC’s extensive commitments to address regulatory objections. The transaction represents the largest acquisition attempt in the European chemical sector this year, positioning ADNOC as a potential new majority shareholder of Covestro.

JPMorgan Chase’s Increased Stake

In the context of the ongoing takeover discussions, JPMorgan Chase has increased its ownership in Covestro. The U.S. banking institution’s holding rose from 4.92 % to 5.14 % of the company’s voting rights. This uptick, reported by Boerse‑Express on 22 October 2025, indicates JPMorgan’s strategic interest in the firm’s polymer and high‑performance plastics business.

Market Context: Construction Plastics

The construction plastics market is experiencing significant growth driven by sustainability initiatives, regulatory changes, and technological innovation. According to a GlobeNewswire release dated 22 October 2025, key players—LyondellBasell, Dow, Saudi Basic Industries, INEOS Group, BASF, and Covestro—are investing in lightweight, high‑strength materials for cladding, curtain walls, modular construction, and roofing applications. The trend toward green building and smart materials is expected to shape demand through 2032.

Stock Performance Snapshot

  • Close price (22 October 2025): €60.20
  • 52‑week high (1 June 2025): €60.90
  • 52‑week low (3 September 2025): €52.80

The share price reflects market uncertainty surrounding the ADNOC acquisition and the evolving shareholder composition, while also benefiting from the broader optimism in the construction plastics sector.

The developments outlined above illustrate Covestro AG’s navigation through complex regulatory environments, evolving ownership structures, and a rapidly changing market landscape. The company’s focus on high‑performance polymers positions it well to capitalize on the increasing demand for sustainable construction materials.