Covestro AG

1COV

DE0006062144

Commodity Chemicals

Market Closed - Xetra Other stock markets 11:40:05 2024-06-28 EDT			After market 15:59:48
54.8 ^EUR	+0.74%		54.67	-0.24%

02:56pm	Would you like some more inflation?
12:03pm	COVESTRO : Jefferies reiterates its Buy rating	ZD

Abu Dhabi National Oil Company proposed to acquire Covestro AG for ?11.7 billion.

June 23, 2024

Abu Dhabi National Oil Company proposed to acquire Covestro AG (XTRA:1COV) for ?11.7 billion on June 24, 2024. A cash consideration valued at ?62 per share will be paid by Abu Dhabi National Oil Company. Morgan Stanley acted as financial advisor to Abu Dhabi National Oil Company.

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	MORGAN STANLEY	97.92 USD	+2.25%	+1.02%	156B
	COVESTRO AG	54.8 EUR	+0.74%	+6.95%	10.99B

Latest news about Covestro AG

Would you like some more inflation?	08:56am
COVESTRO : Jefferies reiterates its Buy rating	06:03am	ZD
COVESTRO : Deutsche Bank gives a Buy rating	06-27	ZD
COVESTRO : Berenberg gives a Neutral rating	06-27	ZD
The same old winners	06-27
Dpa-AFX Overview: COMPANIES from 26.06.2024 - 15:15	06-26	DP
Covestro Enters Formal Talks With Adnoc	06-25	MT
Covestro gains further - but Adnoc offer price far away	06-25	DP
COVESTRO : Receives a Buy rating from Deutsche Bank	06-25	ZD
Shares Frankfurt opening: Airbus weighs on Dax with profit warning	06-25	DP
Covestro plans significant cost reductions	06-25	RE
Covestro eyes 400 million eur in cost cuts after ADNOC talks intensify	06-25	RE
Chemicals group Covestro launches cost-cutting program	06-25	DP
COVESTRO : Gets a Buy rating from Baader Bank	06-24	ZD
German Stocks Join European Rally as France Prepares for Snap Elections	06-24	MT
ADNOC's deals with European companies	06-24	RE
Dpa-AFX Overview: COMPANIES from 24.06.2024 - 15:15	06-24	DP
Jefferies rates Covestro a 'Buy' - Target 60 euros	06-24	DP
COVESTRO : Receives a Buy rating from Jefferies	06-24	ZD
Covestro far from possible offer price of 62 euros	06-24	DP
Covestro Begins Concrete Takeover Talks With Adnoc With Improved Offer Price	06-24	MT
Adnoc beckons with higher offer for Covestro - concrete negotiations begin	06-24	RE
Covestro opens books to ADNOC over $12.5 bln takeover offer	06-24	RE
Covestro says will negotiate with ADNOC based on 62 eur/shr takeover offer	06-24	RE
Circles: Adnoc holds out the prospect of a takeover bid of 62 euros per share for Covestro	06-24	DP

Chart Covestro AG

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Company Profile

Covestro AG is one of the world's leading manufacturers of polymer materials. Its products are primarily used in the automotive, construction, electronics, furniture and textile industries. Net sales break down by family of products as follows: - specialty products (50.5%): raw materials for coatings, adhesives and films; - performance materials (47.8%): polyurethanes (flexible polyurethane foam mainly used in furniture, mattress and car seat upholstery, and rigid polyurethane foam used in the composition of building and refrigeration equipment insulation) and polycarbonates (high-performance polycarbonates used in automotive components, roof structures and medical devices); - other (16.3%). At the end of 2023, the group operated 48 production sites around the world. Net sales are distributed geographically as follows: Germany (12.1%), the United States (21.8%), China (21.4%) and other (44.7%).

Sector

Commodity Chemicals

Calendar

2024-07-29 - Q2 2024 Earnings Call

Related indices

STOXX EUROPE 600 (EUR) , DAX

More about the company

Income Statement Evolution

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Analysis / Opinion

Covestro AG : Arbitration opportunity?

June 22, 2023 at 10:54 am

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Ratings for Covestro AG

Trading Rating

Investor Rating

ESG Refinitiv

A-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

54.4 EUR

Average target price

54.57 EUR

Spread / Average Target

+0.32%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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Plastics

Covestro AG

Equities

1COV

DE0006062144

Commodity Chemicals

Abu Dhabi National Oil Company proposed to acquire Covestro AG for ?11.7 billion.

Stocks mentioned in the article

EPS Revisions