Berenberg analyst Sebastian Bray lowered the firm's price target on Covestro to EUR 60 from EUR 61 and keeps a Hold rating on the shares.
Covestro AG (OTCPK:CVVTF) Q3 2024 Results Conference Call October 29, 2024 9:00 AM ET Company Participants Ronald Koehler - Head of Investor Relations Christian Baier - CFO & Member of Management Board Carsten Intveen - Investor Relations Director Conference Call Participants Christian Faitz - Kepler Cheuvreux Geoff Haire - UBS Chetan Udeshi - JPMorgan Ronald Koehler Welcome to the Covestro Earnings Call on the Q3 Results. The company today is represented by Christian Baier, CFO.
Abu Dhabi's ADNOC said on Friday that the acceptance period for its voluntary public takeover offer for German chemicals maker Covestro has started, with an end date of Nov. 27.
Markus Steilemann, CEO of Covestro, discusses the "unprecedented deal" between ADNOC and Covestro, and what this could mean for the future of the German chemicals industry.
Khaled Salmeen, head of Abu Dhabi National Oil Co.'s downstream division, discusses Adnoc's agreement to buy chemical producer Covestro AG for about €11.7 billion ($13 billion), in what's set to be the biggest Middle Eastern acquisition of a European firm. Sign up for the Middle East Briefing, a weekly look at what's happening in the region and where it's heading: Click Here -------- More on Bloomberg Television and Markets Like this video?
Abu Dhabi's state oil firm ADNOC announced it will buy German firm Covestro in a 14.7 billion-euro deal ($16.4 billion).
Abu Dhabi state oil giant ADNOC said on Tuesday that it has agreed to buy German chemicals producer Covestro for 14.7 billion euros ($16.4 billion).
United Arab Emirates's Abu Dhabi National Oil Co is likely to announce a $13 billion-plus deal for Germany's Covestro as soon as this week unless an unexpected snag emerges, the Wall Street Journal reported on Monday, citing people familiar with the matter.
The tie-up dovetails with the Middle Eastern energy company's push into chemical production
Abu Dhabi National Oil Company is expected to make an offer to buy the Bayer spinoff in what would mark the largest cash transaction in the history of the chemicals industry
Abu Dhabi National Oil Company (ADNOC) is expected to make a formal offer to acquire Covestro for about 14.4 billion euros ($15.90 billion) including debt, the Financial Times reported on Wednesday.
Abu Dhabi National Oil Company (ADNOC) is finalising due diligence for a takeover of Covestro in a deal that could reach 11.7 billion euros ($13 billion), two sources familiar with the matter told Reuters on Wednesday.