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Covestro raises almost $2 billion in first trading day; Eat'n Park...

2015-10-07 07:19:19| Chemicals - Topix.net

Covestro raised 1.5 billion euros Tuesday in its first day of trading on the Frankfurt Stock Exchange and will use the proceeds to pay down debt to its parent company, Bayer AG. Covestro, formerly Bayer MaterialScience, was spun off from Bayer last month, though the drug and pharmaceuticals giant retains a 69 percent stake in the business following the initial stock offering.

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