As of June 30, 2025, the scope of consolidation comprised Covestro AG and 54 (December 31, 2024: 55) consolidated companies.
In the first half of 2025, the number of consolidated companies declined as a result of the intragroup merger of Covestro Polyurethanes B.V. into Covestro (Netherlands) B.V., effective January 1, 2025; both companies have their registered office in Geleen (Netherlands).
On May 1, 2025, Covestro successfully completed the sale of its business activities at the East Providence site, Rhode Island (United States). The production of polyurethane dispersions (PUD) located there was part of the Solutions & Specialties segment. The relevant contract documents were signed on April 28, 2025. The transaction comprised the transfer of property, plant and equipment with a carrying amount of €7 million, inventories valued at €1 million, and proportionate goodwill amounting to €1 million. The provisional purchase price totals €8 million, of which €6 million was received immediately. Another amount of €2 million was agreed as contingent consideration, payable within 12 months of entering into the agreement. An impairment test was conducted as part of the transaction; it led to an impairment loss of €1 million on goodwill, which was recognized in other operating expenses.