Covestro AG

1COV

DE0006062144

Commodity Chemicals

Market Closed - Xetra Other stock markets 11:35:22 2024-10-15 am EDT			After market 03:31:51 pm
58.48 ^EUR	+0.21%		58.38	-0.17%

Oct. 14	Crane NXT, Co. Announces Appointment of Dr. Aleta Richards as President of Crane Currency	CI
Oct. 14	COVESTRO : UBS remains Neutral	ZD

Why Adnoc Agreed to Buy Covestro for EUR12 Billion

October 01, 2024 at 03:58 pm EDT

Khaled Salmeen, head of Abu Dhabi National Oil Co.'s downstream division, discusses Adnoc's agreement to buy chemical producer Covestro AG for about Euro 11.7 billion ($13 billion), in what's set to be the biggest Middle Eastern acquisition of a European firm.

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Latest news about Covestro AG

Crane NXT, Co. Announces Appointment of Dr. Aleta Richards as President of Crane Currency	Oct. 14	CI
COVESTRO : UBS remains Neutral	Oct. 14	ZD
COVESTRO : JP Morgan remains Neutral	Oct. 11	ZD
Covestro Invests 100 Million Euros in R&D to Boost Global Innovation Centers	Oct. 08	CI
Deutsche Bank Research raises target for Covestro to 62 euros - 'Buy'	Oct. 08	DP
COVESTRO : Deutsche Bank reiterates its Buy rating	Oct. 08	ZD
Covestro to Invest EUR100 Million in Research, Development Over Three Years	Oct. 08	MT
Stocks Frankfurt opening: Dax falls below 19,000 points	Oct. 08	DP
Oil company Adnoc already holds 8.5 percent stake in Covestro	Oct. 07	DP
Oddo BHF Downgrades Covestro to Neutral	Oct. 02	MT
COVESTRO : DZ Bank gives a Neutral rating	Oct. 02	ZD
Jefferies lowers Covestro to 'Hold' - target remains 62 euros	Oct. 02	DP
COVESTRO : Reduced to Neutral by Jefferies	Oct. 02	ZD
Why Adnoc Agreed to Buy Covestro for EUR12 Billion	Oct. 01	MT
German Shares Tumble as Manufacturing PMI Hits 12-month Low	Oct. 01	MT
Oil giant Adnoc swallows plastics group Covestro	Oct. 01	RE
Global markets live: Nokia, Amgen, Amazon, Verizon, Rio Tinto...	Oct. 01
Emirati Stocks Close Lower Amid Rising Middle East Tensions	Oct. 01	MT
UBS reiterates Covestro at 'Neutral' - Target 52 euros	Oct. 01	DP
Covestro AG - Special Call	Oct. 01
COVESTRO : UBS remains Neutral	Oct. 01	ZD
Emirati Oil Giant Adnoc Offers EUR11.7 Billion to Take Over Germany's Covestro	Oct. 01	MT
European Midday Briefing : Investors Consider ECB Inflation Data, Fed and ECB Remarks	Oct. 01	DJ
COVESTRO : Jefferies maintains a Buy rating	Oct. 01	ZD
Abu Dhabi's ADNOC to buy German chemicals company Covestro for $16.4 billion	Oct. 01	RE

Chart Covestro AG

Duration

Period

1COV: Dynamic Chart

Company Profile

Covestro AG is one of the world's leading manufacturers of polymer materials. Its products are primarily used in the automotive, construction, electronics, furniture and textile industries. Net sales break down by family of products as follows: - specialty products (50.5%): raw materials for coatings, adhesives and films; - performance materials (47.8%): polyurethanes (flexible polyurethane foam mainly used in furniture, mattress and car seat upholstery, and rigid polyurethane foam used in the composition of building and refrigeration equipment insulation) and polycarbonates (high-performance polycarbonates used in automotive components, roof structures and medical devices); - other (16.3%). At the end of 2023, the group operated 48 production sites around the world. Net sales are distributed geographically as follows: Germany (12.1%), the United States (21.8%), China (21.4%) and other (44.7%).

Employees

17,509

Sector

Commodity Chemicals

Calendar

2024-10-29 - Q3 2024 Earnings Release

More about the company