Report
Michael B. Schäfer

Covestro AG : ADNOC - Handelsblatt reports on limited opposition from German government/unions; negotiations may start 'soon'

>Handelsblatt article on pre-sounding of ADNOC with German government/unions - limited opposition, so far - Handelsblatt today reports on ADNOC currently holding pre-sounding talks with German government officials and trade unions on the intended takeover of Covestro. The article refers to talks with the ministry of economics, the chancellery and the respective chemicals industry trade union IGBCE, asking about potential concerns arising from the takeover approach. Th...
Underlying
Covestro AG

Covestro AG is a global supplier of high-tech polymer materials and application solutions developed for these materials. Co. produces precursors for polyurethane foams and the high-performance plastic polycarbonate in addition to raw materials for coatings, adhesives and sealants as well as specialty products, including high-quality films. Other precursors such as chlorine and by-products like styrene are part of Co.'s range of products.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Michael B. Schäfer

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