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The starting point for the negotiations with Adnoc is a possible offer price of €62 per Covestro share.
July 5, 2024
By: DAVID SAVASTANO
Editor, Ink World Magazine
Based on the open-ended talks held so far with Abu Dhabi National Oil Company (Adnoc), the Board of Management of Covestro AG, after consultation with the Supervisory Board, has decided to enter into concrete negotiations with Adnoc regarding a potential transaction and the potential conclusion of an investment agreement as well as to allow for an adequate exchange of company information to confirm assumptions (confirmatory due diligence). In the view of the Board of Management, the discussi...
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