Covestro AG

1COV

DE0006062144

Commodity Chemicals

Market Closed - Xetra Other stock markets 09:11:50 08/10/2024 pm IST			After market 09:47:37 pm
58.34 ^EUR	+0.21%		58.33	-0.02%

11:35am	Deutsche Bank Research raises target for Covestro to 62 euros - 'Buy'	DP
10:56am	COVESTRO : Deutsche Bank reiterates its Buy rating	ZD

Why Adnoc Agreed to Buy Covestro for EUR12 Billion

October 02, 2024 at 01:28 am IST

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.

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Latest news about Covestro AG

Deutsche Bank Research raises target for Covestro to 62 euros - 'Buy'	03:05pm	DP
COVESTRO : Deutsche Bank reiterates its Buy rating	02:26pm	ZD
Covestro to Invest EUR100 Million in Research, Development Over Three Years	02:02pm	MT
Stocks Frankfurt opening: Dax falls below 19,000 points	01:28pm	DP
Oil company Adnoc already holds 8.5 percent stake in Covestro	07/10	DP
Oddo BHF Downgrades Covestro to Neutral	02/10	MT
COVESTRO : DZ Bank gives a Neutral rating	02/10	ZD
Jefferies lowers Covestro to 'Hold' - target remains 62 euros	02/10	DP
COVESTRO : Reduced to Neutral by Jefferies	02/10	ZD
Why Adnoc Agreed to Buy Covestro for EUR12 Billion	02/10	MT
German Shares Tumble as Manufacturing PMI Hits 12-month Low	01/10	MT
Oil giant Adnoc swallows plastics group Covestro	01/10	RE
Global markets live: Nokia, Amgen, Amazon, Verizon, Rio Tinto...	01/10
Emirati Stocks Close Lower Amid Rising Middle East Tensions	01/10	MT
UBS reiterates Covestro at 'Neutral' - Target 52 euros	01/10	DP
Covestro AG - Special Call	01/10
COVESTRO : UBS remains Neutral	01/10	ZD
Emirati Oil Giant Adnoc Offers EUR11.7 Billion to Take Over Germany's Covestro	01/10	MT
European Midday Briefing : Investors Consider ECB Inflation Data, Fed and ECB Remarks	01/10	DJ
COVESTRO : Jefferies maintains a Buy rating	01/10	ZD
Abu Dhabi's ADNOC to buy German chemicals company Covestro for $16.4 billion	01/10	RE
Oil company Adnoc from the Emirates wants to take over Covestro	01/10	DP
Covestro share price rises due to Adnoc offer - 'home stretch'	01/10	DP
Oil giant Adnoc swallows Covestro for up to 13 billion euros	01/10	RE
Covestro, Adnoc Reach Agreement on EUR12 Billion Takeover Deal	01/10	MT

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

29/10/2024 - Q3 2024 Earnings Release

More about the company