Covestro AG · ISIN: DE0006062144 · EQS - adhoc news

Covestro signs an Investment Agreement with ADNOC and supports the public takeover offer to all Covestro shareholders

Covestro AG (“Covestro” or “Company”) has today signed with entities of ADNOC Group, including ADNOC International Limited (“ADNOC International”) and its indirect subsidiary ADNOC International Germany Holding AG (“Bidder”), an Investment Agreement with a term until end of 2028. The Investment Agreement stipulates that the Bidder will make a public takeover offer for all outstanding shares of Covestro at a price of €62.00 per share. At the same time, the Board of Management and the Supervisory...

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In this overview you can view company news in the chronological order of publication. The source information comes from EQS News, the leading European news distributor. The most recent news item is listed first.
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01 October 2024 08:40AM
Covestro signs an Investment Agreement with ADNOC and supports the public takeover offer to all Covestro shareholders
DE0006062144
Covestro AG (“Covestro” or “Company”) has today signed with entities of ADNOC Group, including ADNOC International Limited (“ADNOC International”) and its indirect subsidiary ADNOC International Germany Holding AG (“Bidder”), an Investment Agreement with a term until end of 2028. The Investment Agreement stipulates that the Bidder will make a publi...
Covestro AG
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01 October 2024 08:40AM
Covestro AG; Bidder: ADNOC International Germany Holding AG
DE0006062144
EQS-WpÜG: ADNOC International Germany Holding AG / Takeover Offer Takeover Offer / Target company: Covestro AG; Bidder: ADNOC International Germany Holding AG 01.10.2024 / 08:40 CET/CEST Dissemination of an announcement according to the German Securities Acquisition and Takeover Act (WpÜG), transmitted by EQS News - a service of EQS Group...
ADNOC International Germany Holding AG
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24 June 2024 11:28AM
Covestro AG enters into concrete negotiations with Adnoc regarding a potential transaction
DE0006062144
Based on the open-ended talks held so far with Abu Dhabi National Oil Company (“Adnoc“) the Board of Management of Covestro AG ("Covestro") after consultation with the Supervisory Board has today decided to enter into concrete negotiations with Adnoc on a potential transaction and the potential conclusion of an investment agreement as well as to al...
Covestro AG
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24 June 2024 11:28AM
Covestro AG enters into concrete negotiations with Adnoc regarding a potential transaction
DE0006062144
Based on the open-ended talks held so far with Abu Dhabi National Oil Company (“Adnoc“) the Board of Management of Covestro AG ("Covestro") after consultation with the Supervisory Board has today decided to enter into concrete negotiations with Adnoc on a potential transaction and the potential conclusion of an investment agreement as well as to al...
Covestro AG
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26 October 2023 07:22PM
Share buyback program terminated ahead of schedule
DE0006062144
The Board of Management of Covestro AG decided today to terminate the current share buyback program ahead of schedule due to the current overall situation and the limited time remaining until the end of the program. On February 28, 2022, Covestro AG had disclosed the start of the share buyback program pursuant to art. 5 para. 1 lit. a) of the Regul...
Covestro AG
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08 September 2023 07:29PM
Covestro AG decides to enter into open-ended discussions with Abu Dhabi National Oil Company
DE0006062144
The Board of Management of Covestro AG has today decided, in view of the interest in Covestro expressed by Abu Dhabi National Oil Company, to enter into open-ended discussions with Abu Dhabi National Oil Company. Whether, in which form and, if applicable, at which conditions an agreement between the parties will be reached is open and will depend o...
Covestro AG
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13 April 2023 06:47PM
Preliminary results for the first quarter 2023
DE0006062144
In the course of preparing Covestro’s group accounts for the first quarter 2023, preliminary financial figures deviate from capital market expectations, based on the average values of latest consensus estimates of financial analysts, published by Vara Research on April 13, 2023. Therefore, Covestro provides already today the following preliminary k...
Covestro AG
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13 April 2023 06:47PM
Covestro AG: Preliminary results for the first quarter 2023
DE0006062144
In the course of preparing Covestro’s group accounts for the first quarter 2023, preliminary financial figures deviate from capital market expectations, based on the average values of latest consensus estimates of financial analysts, published by Vara Research on April 13, 2023. Therefore, Covestro provides already today the following preliminary k...
Covestro AG
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13 January 2023 05:54PM
Preliminary results for fiscal year 2022
DE0006062144
In the course of preparing Covestro’s group accounts for fiscal year 2022, preliminary full-year financial figures deviate from capital market expectations, based on the average values of latest consensus estimates of financial analysts, published by Vara Research on January 12, 2023. Therefore, Covestro provides already today the following prelimi...
Covestro AG
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29 July 2022 05:40PM
Covestro AG: Reduced earnings outlook for 2022
DE0006062144
Covestro reduces its forecast for EBITDA, free operating cash flow (FOCF), return on capital employed over weighted average cost of capital (ROCE over WACC) and greenhouse gas emissions, measured via CO2 equivalents, for fiscal year 2022. This is a consequence of a recent significant further increase in energy costs and a further weakening global e...
Covestro AG
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29 July 2022 05:40PM
Reduced earnings outlook for 2022
DE0006062144
Covestro reduces its forecast for EBITDA, free operating cash flow (FOCF), return on capital employed over weighted average cost of capital (ROCE over WACC) and greenhouse gas emissions, measured via CO2 equivalents, for fiscal year 2022. This is a consequence of a recent significant further increase in energy costs and a further weakening global e...
Covestro AG
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02 May 2022 07:34PM
Covestro AG: Reduced earnings outlook for 2022
DE0006062144
Covestro reduces its forecast for EBITDA, free operating cash flow (FOCF), return on capital employed over weighted average cost of capital (ROCE over WACC) and greenhouse gas emissions, measured via CO2 equivalents, for fiscal year 2022. This is a consequence of the ongoing COVID-lockdown in China, particularly around the Shanghai region, further ...
Covestro AG
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28 February 2022 07:37PM
Covestro AG: Covestro resolves on share buyback program with volume of approx. EUR 500 million
DE0006062144
The Board of Management of Covestro AG - in light of the successful business development - today resolved on a share buyback program. The program amounts to a total volume of approximately EUR 500 million (without ancillary transaction costs) and shall be concluded within two years. Generally, the repurchased shares are subsequently to be cancelled...
Covestro AG
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12 July 2021 02:07PM
Covestro AG: Raised earnings outlook for 2021
DE0006062144
Covestro is raising its forecast for EBITDA, free operating cash flow (FOCF) and return on capital employed (ROCE) for fiscal year 2021 as a result of a further improved business outlook for the second half-year. The new expectation exceeds the previously provided forecast as well as current capital market expectations. The outlook factors in - un...
Covestro AG
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13 April 2021 07:36PM
Covestro AG: Raised earnings outlook for 2021
DE0006062144
Covestro is raising its forecast for EBITDA, free operating cash flow (FOCF) and return on capital employed (ROCE) for fiscal year 2021 as a result of a better than previously expected business development. The new expectation exceeds the previously provided forecast as well as current capital market expectations. Capital market expectations are b...
Covestro AG
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08 December 2020 07:02PM
Covestro AG: Raised EBITDA and FOCF forecast for fiscal year 2020
DE0006062144
Covestro raises its forecast for EBITDA and Free Operating Cash Flow (FOCF) in fiscal year 2020 as a consequence of a better than expected business development in the fourth quarter 2020. The new expectation exceeds the previously provided financial forecast as well as current capital market expectations. Capital market expectations are based on t...
Covestro AG
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13 October 2020 11:07PM
Covestro AG: Covestro determines the placement price for the new shares
DE0006062144
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART) IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN OR OTHER COUNTRIES WHERE SUCH A PUBLICATION COULD BE UNLAWFUL October 13, 2020 - Covestro AG has decided to increase its share capital through partial utilization of its Authorized Capital under the exclusion of sh...
Covestro AG
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13 October 2020 06:04PM
Covestro AG: Covestro launches capital increase with exclusion of shareholders' subscription rights through accelerated bookbuilding
DE0006062144
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART) IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN OR OTHER COUNTRIES WHERE SUCH A PUBLICATION COULD BE UNLAWFUL October 13, 2020 - Today, the Board of Management of Covestro AG, with the approval of the Supervisory Board, resolved on a capital increase against cas...
Covestro AG
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09 October 2020 01:45PM
Covestro AG: Preliminary EBITDA of EUR 456 million in Q3 2020 above market expectation; FY 2020 outlook updated
DE0006062144
In the course of preparing the Q3 2020 interim statement for Covestro Group, preliminary Q3 key financial data deviate from capital market expectations, based on the average values of latest consensus estimates of financial analysts, published by Vara Research on October 7, 2020.   Therefore, Covestro provides already today the following preliminar...
Covestro AG
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30 September 2020 08:01AM
Covestro AG: Covestro to acquire the Resins & Functional Materials business (RFM) from DSM
DE0006062144
September 30, 2020 - Covestro today has signed an agreement to acquire the Resins & Functional Materials business (RFM) from Royal DSM. Through this transaction, Covestro is taking a significant step in its long-term corporate strategy to strengthen its sustainable and innovation-driven businesses. The integration of RFM will add about EUR 1 bi...
Covestro AG
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More Covestro AG related information
Type Total Last Made by Go to
Corporate Research 0 - - Corporate Research
Directors Dealings 8 20th December 2022 Steilemann, Dr. Markus DD
Short Seller (DE) 24 16th February 2024 Qube Research & Technologies Limited SSR (DE)
Short Seller (UK) 0 - - SSR (UK)
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