ADNOC-COVESTRO DEAL: KEY POINTS
*€62/share all-cash deal. Expected to close in 2H 2025.
(CONTINUED - 1594 WORDS)Adnoc-Covestro Takeover Bid Gets Liftoff With $13bn Investment Agreement
Abu Dhabi’s Adnoc intends to make Germany’s Covestro the foundational piece of its performance materials and specialty chemicals business. After a lengthy courtship it has agreed to pay €62/share, with transaction expected to close in 2H 2025.
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IN THIS ARTICLE
Tables
1: Covestro Key Figures (€bn)
2: Covestro's Main Production Sites*
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