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CVVTF on OTC Markets Group

Covestro

Logo: Unknown author Unknown author (Covestro AG), Public domain, via Wikimedia Commons4

German chemical company

Covestro AG is a German company producing polyurethane and polycarbonate raw materials. Products include isocyanates and polyols for cellular foams, thermoplastic polyurethane and polycarbonate pellets, as well as polyurethane based additives used in the formulation of coatings and adhesives. It is a Bayer spin-off formed in the fall of 2015 and was formerly called Bayer MaterialScience.2 It employed about 17,500 people in 2023.1 Its revenue was €14.4 billion in 2023.1 Its shares trade on OTC Markets Group under the symbol CVVTF.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

2015Founded1

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  • TickerCVVTF on OTC Markets Group1
  • Industrychemical industry1
  • HeadquartersLeverkusen1
  • Websitewww.covestro.com
  • Legal formAktiengesellschaft1
  • Listed onFrankfurt Stock Exchange (1COV), OTC Markets Group (CVVTF)1
  • Slogan“To make the world a brighter place”1
  • LEI3912005AWHKLQ1CPLV113
  • StatusActive3
  • LEI statusIssued and current3
  • Registered addressKaiser-Wilhelm-Allee 60, 51373 Leverkusen, Germany3
  • Registered withLocal Court Köln, HRB 852813

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Covestro AG is a German company producing polyurethane and polycarbonate raw materials. Products include isocyanates and polyols for cellular foams, thermoplastic polyurethane and polycarbonate pellets, as well as polyurethane based additives used in the formulation of coatings and adhesives. It is a Bayer spin-off formed in the fall of 2015 and was formerly called Bayer MaterialScience.2

Corporate structure

Covestro is part of a group headed by Bayer. 197 entities, 44 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0). Each entity in the chart links to its source.

Leadership

Who has led Covestro, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (5)

Subsidiaries and ownership

Parent company

Owners

Subsidiaries

From Wikidata.1

Acquisitions

In September 2023, Covestro reported that it was in talks with ADNOC for the latter to acquire it.

Since the German firm announced it would support its takeover bid of €62 per share in October 2024, this meant that the Abu Dhabi-based company would buy Covestro for up to €16 billion. Furthermore, it was stated that the acquisition was expected to be completed in the second half of 2025.

In November 2025, the EU competition regulator conditionally approved the acquisition after ADNOC offered to ensure the firm aligned with UAE insolvency law and to share Covestro's sustainability patents with some competitors. A month later, the purchase was completed by ADNOC through XRG.

From Wikipedia’s article on Covestro, shared under CC BY-SA 4.0.5

Employees over time

  • 202317,5201
  • 202016,5011

Revenue over time

As stated on Wikidata, in the currency reported.

Revenue

Covestro revenue by year114.4B EUR in 2023+34% since 2020
05.0B EUR10.0B EUR15.0B EUR2020: 10.7B EUR10.7B EUR20202023: 14.4B EUR14.4B EUR2023+34%
  • 202314.4B EUR1
  • 202010.7B EUR1

Net income

  • 2023-198.0M EUR1

Timeline

  1. 2015Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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