XRG Initiates Squeeze-Out of Covestro AG Minority Shareholders

XRG P.J.S.C., based in Abu Dhabi, has submitted a formal request to the Board of Management of Covestro AG for a squeeze-out of minority shareholders. The cash compensation set for this action is EUR 59.46 per share. XRG holds a 95.1% stake in Covestro AG, making it the majority shareholder as per the German Stock Corporation Act.

The compensation amount was determined with the assistance of PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft. The squeeze-out will be effective once the transfer resolution is registered with Covestro AG's commercial register. Covestro AG plans to present the resolution at its ordinary general meeting on 19 May 2026. The official invitation will be released separately.