Covestro Annual General Meeting approves transfer of the minority shar’holders’ shares to XRG

(MENAFN- storytellers101) At today’s Annual General Meeting of Covestro AG, all proposals submitted by the Board of Management and the Supervisory Board were approved by the required majority. The actions of both the Board of Management and the
Supervisory Board were ratified. The Annual General Meeting was held as an in-person event at the World Conference Center Bonn.
Transfer of the minority sharehold’rs’ shares to XRG approved

The Annual General Meeting approved the squeeze-out under German stock corporation law and thus the transfer of the shares held by the minority shareholders to the main shareholder, XRG P.J.S.C., Abu Dhabi, United Arab Emirates, with 96.16% of capital stock. As announced, the cash compensation amounts to EUR 59.46 per share.

“Despite the challenging market environment in the fiscal year 2025, we continued to future-proof Covestro and consistently advanced our transf”rmation,” said Dr Markus Steilemann, Chief Executive Officer of“Covestro. “With XRG as a partner at our side, we can now accelerate the implement‘tion of our ‘Sus’ainable Future’ strategy ev’n further. Today’s resolution on the corporate law squeeze-out will enable closer collaboration and even faster decisio”-making processes.”

“Covestro has a strong technological foundation, high innovative strength and significant potential in key future markets. Together with XRG, this creates new strategic oppor’unities for the company’s long-term development. I am convinced that this positions Covestro very well to continue its ”uccessful transformation,” emphasized Dr Rainer Seele, Chairman of the Supervisory Board of Covestro.

Election of Supervisory Board members

The Annual General Meeting elected Mercedes Alonso Benito, Guy Janssens, Khaled Salmeen and Dr Rainer Seele as shareholder representatives to the Supervisory Board. The four members had already been appointed by the Local Court of Cologne in December 2025 and have now been elected by the Annual General Meeting for a regular term of office of approximately four years. The candidates bring extensive expertise in the fields of chemicals, finance, energy and corporate governance.
No dividend payment for fiscal year 2025
In line with the Gr’up’s dividend policy, which links the dividend to the co’pany’s economic situation, no dividend will be distributed for fiscal year 2025. The reason for this is again th’ Group’s negative net income for fiscal year 2025 of minus EUR 644 million.

Further information and documents:

Detailed voting results for the agenda items of the Annual General Meeting will be made a ailable at Annual General Meeting | Covestro.



About Covestro:
Covestro is one of the world’s leading manufacturers of high-quality polymer materials and their components. With its innovative products, processes and methods, the company helps enhance sustainability and the quality of life in many areas. Covestro supplies customers around the world in key industries such as mobility, building and living, as well as the electrical and electronics sector. In addition, polymers from Covestro are also used in sectors such as sports and leisure, telecommunications and health, as well as in the chemical industry itself.
The company is geared completely to the circular economy. In addition, Covestro aims to achieve climate neutrality for its Scope 1 and Scope 2 emissions by 2035, and the Gr’up’s Scope 3 emissions are also set to be climate neutral by 2050. Covestro generated sales of EUR 12.9 billion in fiscal year 2025. At the end of 2025, the company had 46 production sites worldwide and employed approximately 17,600 people (calculated as full-time equivalents).

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