# Covestro increases stake in DCP joint venture to 80%

Covestro increased its stake in DIC Covestro Polymers Ltd. (DCP) from 50% to 80%, expanding its thermoplastic polyurethane business. The investment is tens of millions of euros, expected to close in Q2 2019.

- Type: Acquisition
- Announced: 2024-01-15
- Where: Osaka Prefecture, Japan
- Status: announced
- Products: thermoplastic polyurethane
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Covestro](https://endata.com/companies/1705.md) (acquirer)
- [DIC Covestro Polymers Ltd.](https://endata.com/companies/74984.md) (target)

## Sources

- [haythink.com](https://www.haythink.com/covestro-becomes-largest-shareholder-of-joint-venture-dcp-company-and-continues-to-expand-tpu-business/), 2024-01-15: "Given the strong and long-term cooperation between the two companies and our full understanding of future growth potential, this acquisition is Covestro's commitment to sustainably drive innovation growth."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.