Starting into a new Chapter

With the successful closing of the transaction on December 10, 2025, Covestro and XRG are officially starting a new chapter together. It marks the end of intensive preparations and the beginning of a partnership built on trust, respect, and shared ambition. Both companies have worked closely over the recent months to create a strong foundation for this next phase, defined by collaboration and long-term value creation.

The agreed capital increase of EUR 1.17 billion provides Covestro with additional resources to support its strategic path. At the same time, as agreed with XRG in the Investment Agreement, Covestro will retain its autonomy and continue to operate as a German stock corporation with a co-determined Supervisory Board and two independent shareholder representatives.

This moment signals not only continuity, but also fresh opportunities – a chance to combine strengths, accelerate innovation, and build a sustainable future together.

Covestro and XRG Launch Strategic Partnership

Covestro and XRG receive final outstanding regulatory approval for strategic partnership