Brief: Covestro AG Announces Restructuring After Share Acquisition And Squeeze-Out Resolution
03/06/2026 15:33
BRIEF-Covestro AG Announces Restructuring After Share Acquisition And Squeeze-Out Resolution June 3 (Reuters) - COVESTRO AG 1COVG.D:
ANNOUNCES RESTRUCTURING AFTER SHARE ACQUISITION AND SQUEEZE-OUT RESOLUTION
AND XRG HOLDING INCORPORATE C3RE AND C4RE WITH 99.99% AND 0.01% SHARE SPLIT
SUBSIDIARIES TO TRANSFER REAL ESTATE VALUED AT EUR 550.5 MILLION
XRG HOLDING TO BUY ADDITIONAL 10% SHARES IN C3RE AND C4RE
PURCHASE PRICE FOR 10% SHARES BELOW RELATED PARTY DEAL THRESHOLD
CLOSING OF REAL ESTATE PURCHASE AGREEMENTS EXPECTED IN Q2 2027
Source text: ID:nEQ8HCtpMa
Further company coverage: 1COVG.D
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