ADNOC International launches voluntary public takeover for Covestro

ADNOC International Limited entered into an investment agreement with Covestro AG and launched a voluntary public takeover offer for all shareholders at €62 per share on October 1, 2024. The deal values Covestro at approximately AED 254 per share.

“ADNOC today announced that ADNOC International Limited (ADNOC International), has entered into an investment agreement with Covestro AG (Covestro), one of the world’s leading chemical players, and launched a voluntary public takeover offer to all shareholders for a cash consideration of AED254 (€62)”adnoc.ae

• 3 sources
• adnoc.aeADNOC International Announces Voluntary Public Takeover for Covestro and Enters into Investment Agreement - ADNOCOct 1, 2024
• covestro.comCovestro signs an Investment Agreement with ADNOC and supports ADNOC’s public takeover offer to all Covestro shareholdersOct 1, 2024
• covestro.comBoard of Management and Supervisory Board of Covestro AG support ADNOC International’s public takeover offerNov 7, 2024

Summarized from public sources; check the original articles before acting on it.