Covestro AG

1COV

DE0006062144

Commodity Chemicals

Market Closed - Xetra Other stock markets 11:35:05 2024-10-03 EDT			5-day change	1st Jan Change
58.42 ^EUR	+0.38%		+8.35%	+10.90%

10-02	Oddo BHF Downgrades Covestro to Neutral	MT
10-02	COVESTRO : DZ Bank gives a Neutral rating	ZD

Why Adnoc Agreed to Buy Covestro for EUR12 Billion

October 01, 2024 at 03:58 pm

Khaled Salmeen, head of Abu Dhabi National Oil Co.'s downstream division, discusses Adnoc's agreement to buy chemical producer Covestro AG for about Euro 11.7 billion ($13 billion), in what's set to be the biggest Middle Eastern acquisition of a European firm.

Bloomberg videos, provided by MT Newswires

Latest news about Covestro AG

Oddo BHF Downgrades Covestro to Neutral	10-02	MT
COVESTRO : DZ Bank gives a Neutral rating	10-02	ZD
Jefferies lowers Covestro to 'Hold' - target remains 62 euros	10-02	DP
COVESTRO : Reduced to Neutral by Jefferies	10-02	ZD
Why Adnoc Agreed to Buy Covestro for EUR12 Billion	10-01	MT
German Shares Tumble as Manufacturing PMI Hits 12-month Low	10-01	MT
Oil giant Adnoc swallows plastics group Covestro	10-01	RE
Global markets live: Nokia, Amgen, Amazon, Verizon, Rio Tinto...	10-01
Emirati Stocks Close Lower Amid Rising Middle East Tensions	10-01	MT
UBS reiterates Covestro at 'Neutral' - Target 52 euros	10-01	DP
Covestro AG - Special Call	10-01
COVESTRO : UBS remains Neutral	10-01	ZD
Emirati Oil Giant Adnoc Offers EUR11.7 Billion to Take Over Germany's Covestro	10-01	MT
European Midday Briefing : Investors Consider ECB Inflation Data, Fed and ECB Remarks	10-01	DJ
COVESTRO : Jefferies maintains a Buy rating	10-01	ZD
Abu Dhabi's ADNOC to buy German chemicals company Covestro for $16.4 billion	10-01	RE
Oil company Adnoc from the Emirates wants to take over Covestro	10-01	DP
Covestro share price rises due to Adnoc offer - 'home stretch'	10-01	DP
Oil giant Adnoc swallows Covestro for up to 13 billion euros	10-01	RE
Covestro, Adnoc Reach Agreement on EUR12 Billion Takeover Deal	10-01	MT
Oil company Adnoc from the Emirates wants to take over Covestro - Bid 62 euros	10-01	DP
UAE's Adnoc to Launch Takeover of Covestro at EUR62 Per Share	10-01	MT
Covestro pre-bid strong - circles: Adnoc submits bid	10-01	DP
Adnoc Expected to Sign $13 Billion Deal to Buy Covestro	09-30	MT
PepsiCo in talks to buy tortilla-chip maker Siete Foods for more than $1 billion, WSJ reports	09-30	RE

Chart Covestro AG

Duration

Period

1COV: Dynamic Chart

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%).

Employees

17,509

Sector

Commodity Chemicals

Calendar

2024-10-29 - Q3 2024 Earnings Release

More about the company