ADNOC to acquire Covestro for €62 per share

ADNOC International will acquire Covestro through a public takeover offer at €62 per share, valuing the deal at approximately €1.17 billion for a 10% stake increase. The transaction is expected to close pending regulatory approvals.

“We are convinced that the agreement reached with ADNOC International is in the best interest of Covestro, our employees, our shareholders and all other stakeholders.”ptonline.com

• 1 source
• ptonline.comAbu Dhabi’s ADNOC to Acquire Covestro | Plastics TechnologyLilli Manolis ShermanOct 4, 2024

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