Report
Michael B. Schäfer

Covestro AG : Roadshow feedback - CFO rather 'neutral' on ownership; employees 'relaxed'; progress at OMV/ADNOC proxy for Covestro/ADNOC ?!

>CFO rather 'neutral' on ownership - We hosted a roadshow with Covestro’s new CFO with thoughts around Covestro/ADNOC and potential drivers in 2024 taking centre stage of discussion. The CFO was rather neutral on questions whether he would prefer strategy execution with multiple shareholders (status-quo) or with a single shareholder like ADNOC. We were pleased to hear that 'also for a German company' shareholders/valuation are of the utmost importance for Covestro, al...
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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