Covestro Included in MSCI Index
Engineering plastics manufacturer Covestro will be listed on a third key stock index from the beginning of June. Following the close of trading on May 31 the former Bayer MaterialScience, spun off and floated last year, will be included in the MSCI Global Standard Germany Index in addition to Germany’s MDAX and the STOXX Europe 600 indices.
The MSCI index is designed to measure the performance of the large and mid-cap market segments, covering about 85% of the equity universe in Germany. “We are delighted about the announcement by MSCI, which indicates that investors continue to have strong interest in our stock,” said Covestro’s chief financial officer, Frank H. Lutz.
“The planned step is of major global significance for a number of stock funds that replicate the MSCI indices. This will further heighten awareness of Covestro shares on the global financial markets,” Lutz said.
