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Covestro AG (1COV.DE)

1COV.DE on Xetra

84.32EUR
6:03pm IST
Change (% chg)

€2.05 (+2.49%)
Prev Close
€82.27
Open
€83.00
Day's High
€84.40
Day's Low
€82.22
Volume
324,568
Avg. Vol
517,537
52-wk High
€84.63
52-wk Low
€56.61

Latest Key Developments (Source: Significant Developments)

Covestro and Haier sign global strategic cooperation agreement​
Monday, 30 Oct 2017 

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 

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 aiming for at least 1.78 bln eur in FY EBITDA
Tuesday, 26 Jul 2016 

Covestro <1COV.DE> CFO to Reuters : Aiming for at least 1.78 billion EUR in EBITDA for the full year, up from an adjusted 1.64 billion in 2015 . Expects no special items in 2016 Further company coverage: [1COV.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Recticel and Covestro join forces on new CO2 based polyol
Tuesday, 12 Jul 2016 

Recticel SA : Recticel and Covestro <1COV.DE> join forces on new CO2 based polyol .New technology will be implemented in Q4.  Full Article

Covestro issues bond in the total amount of 1.5 billion euros
Friday, 4 Mar 2016 

Covestro AG:Successfully placed a first bond in the total amount of 1.5 billion euros.Bond is divided into two fixed-interest tranches with terms of 5.5 years (coupon 1.00 pct, amount 500 million euros) and 8.5 years (coupon 1.75 pct, amount 500 million euros).As well as a variable-interest tranche (amount 500 million euros) with a term of 2 years and a spread of 0.60 pct over the 3-month Euribor.Proceeds will be primarily used to refinance a portion of the remaining loans from the Bayer Group that totaled 2.1 billion euros as of the end of 2015.  Full Article

Covestro establishes 5 bln euros debt issuance program - Reuters
Friday, 26 Feb 2016 

Covestro AG:Has established a debt issuance program (DIP) with a volume of eur 5 billion euros as framework for obtaining flexible financing from debt capital market​ - Reuters.  Full Article

Covestro proposes first dividend for FY 2015 of 0.70 euro per share - Reuters
Tuesday, 23 Feb 2016 

Covestro AG:Proposes payment of a first dividend for FY 2015 of 0.70 euro per share - Reuters.Plans to raise its dividend for FY 2016 and pay out 30 to 50 percent of this year's net income.  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)