Covestro promoted to Germany’s top 80 most important listed companies

Covestro has announced it is to be named one of the most important listed companies in Germany, just two months after its stock market floatation.

The materials manufacturer, formally Bayer MaterialScience, will be included in the MDAX stock market index as of December 21 following an announcement by Deutsche Börse AG made the announcement on Thursday (3/12).

The MDAX is composed of 50 companies in the prime standard segment ranking just below the 30 shares in the DAX, the most important German stock index.

“We are delighted to be included in the MDAX and are proud that this step has occurred so quickly,” said Covestro CFO Frank H. Lutz. “It reflects the gratifying share performance and great investor interest since our floatation on October 6 of this year. Membership in the MDAX will further enhance the perception of Covestro on the global financial markets.”