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Covestro

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Sponsor Summary
Covestro is a Bayer spin off formed in the fall of 2015 and formerly Bayer MaterialScience, Bayer's $12.3 billion materials science division. Covestro shares were first offered on the Frankfurt Stock Exchange in October 2015. Bayer sold off shares in 2017 and by September had a 24.6% stake, meaning that Bayer no longer had a controlling interest; Bayer's pension fund had an 8.9% stake managed separately.
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