Covestro AG : Bloomberg rumour: ADNOC in preliminary takeover talks for Covestro, would get 100% free float cost leadership in most products
>Bloomberg rumour on ADNOC interest in Covestro, no comment from Covestro - Bloomberg and other newswires reported yesterday, referring to people with knowledge of the matter, that Abu Dhabi National Oil (ADNOC) had made a preliminary takeover approach on Covestro, adding that the deliberations are in the early stages. Handelsblatt referred to ‘three’ people with knowledge of the matter. Covestro issued the usual statement, not commenting on market rumours.§p...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.
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.
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