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Home | News |Covestro promoted to the MDAX
Covestro promoted to the MDAX
Updated: 2015-12-24 13:51 Source: Market Report Company share:

Covestro (formerly, Bayer MaterialScience) is among the 80 most important listed companies in Germany, according to GV.

Roughly two months after its flotation, the materials manufacturer was included in the MDAX stock market index as of 21 December 2015 announced Deutsche Borse AG. 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."

Meanwhile, the Covestro share is not only listed on the Frankfurt Stock Exchange, but on every other German stock exchange as well. The security is also traded on the regional stock markets in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart and Munich.

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