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Tuesday, October 29, 2024 10:24 GMT
Abu Dhabi’s ADNOC has issued a takeover offer to the shareholders of German chemicals maker Covestro AG for the acquisition of all outstanding shares of Covestro, following approval by the German Federal Financial Supervisory Authority. On 1 October, the Abu Dhabi energy company struck a deal to buy Covestro for 14.7 billion euros, including debt. Covestro shareholders can accept the takeover offer by tendering their shares at an offer price of 62 euros in cash per Covestro share, which...More