ROUNDUP/Circles: Covestro rejects takeover offer from Abu Dhabi - too low

LONDON/LEVERKUSEN - Takeover poker for Covestro? According to circles, plastics group Covestro has rejected an initial takeover proposal from oil group Abu Dhabi National Oil (Adnoc) for almost eleven billion euros as insufficient. But that does not appear to have been the last word. Covestro could be ready for further talks if a better offer is on the table, according to information from the Bloomberg news agency.

ROUNDUP: EVG goes to ballot on indefinite strikes at railroads

BERLIN - Unlimited strikes with numerous train cancellations may still be imminent at Deutsche Bahn this summer. The federal board of the railroad and transport union (EVG) decided on Thursday in Berlin to let the members decide in a strike ballot, as the Deutsche Presse-Agentur learned. The passengers of Deutsche Bahn and also of competing companies could thus face troubled weeks.

EVG: Warning strikes possible during strike ballot

BERLIN - Rail passengers could face work stoppages even before the end of the ballot of the Railway and Transport Union (EVG). The ballot will take four to five weeks, said union head Martin Burkert in Berlin on Thursday. "Until then, warning strikes are still not excluded." On Wednesday, the EVG had declared the collective bargaining negotiations with Deutsche Bahn to have failed. On Thursday, the board decided to hold a strike ballot.

Circles: Chinese manufacturer makes offer for Merck's pigments business

DARMSTADT - Darmstadt-based Merck Group is negotiating with Chinese dyes manufacturer Global New Material International to sell its color pigments business, according to circles. The Hong Kong-listed company has made a binding offer, the Bloomberg news agency reported Thursday, citing informed persons. According to the information, a valuation of around one billion euros is on the table. A Merck spokeswoman would not comment on the rumors when asked by dpa-AFX. After a weak start, the shares recently cost 1.2 percent more than the previous day in a somewhat weaker market.

AIR SHOW/Aircraft manufacturers at trade show: Record orders meet parts shortage

LE BOURGET - After a slump in business during the Corona crisis, the aviation industry has switched back to growth. While airlines held back on ordering new jets during the pandemic, airlines from India gave manufacturers Airbus and Boeing record orders for a total of almost 1,000 passenger jets at the air show in Le Bourget near Paris until Thursday. However, the lack of components and raw materials will continue to cause problems for manufacturers for a long time to come. And to make air transport CO2-neutral by 2050, the industry will have to spend billions on developing new aircraft.

IPO/Circles: Schott Pharma could go public in September

MAINZ - The Mainz-based specialty glass manufacturer Schott is planning to launch the IPO of its pharmaceuticals business, which was originally planned earlier, in September. The company plans to meet with analysts next month, the Bloomberg news agency reported Thursday, citing informed persons. As deliberations are still underway, the timetable for a share offering could also change, the report added. A Schott spokeswoman would not comment on the report.

New photos for Google Street View - citizens can object

HAMBURG - At the planned start of the new Google Street View camera tours this Thursday, Hamburg's data protection commissioner Thomas Fuchs reminded citizens of their right to object. Google must make each dwelling and each house before the Veroffentlichung of the new pictures unrecognizable, if tenants or owners want this, stressed Fuchs. For its Street View service, the Internet company is renewing the now up to 15-year-old images of houses, streets and facades from Thursday. Until October, Street View vehicles will drive through the cities and take new photos, as Google announced.

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Customer Notice:

ROUNDUP: You are reading a summary in the company overview. There are several reports on this topic on the dpa-AFX news service.

/jha