Börse Express – Up to 500 million euros: Chemicals group Covestro starts second share buyback

LEVERKUSEN (dpa-AFX) – The chemical company Covestro
wants to buy back its own shares with a volume of around 500 million euros. These should then be withdrawn and the share capital reduced accordingly, said the Dax
listed companies surprisingly on Monday evening following the stock exchange closed in Leverkusen. The management wants to allow up to two years for the project.

According to a company spokesman, the plan is the second share buyback in the company’s history. In 2018, Covestro had already bought back shares worth almost 1.5 billion euros./ngu/he

 ISIN  DE0006062144

AXC0439 2022-02-28/19:57

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