Corporate actions
to be announced

Covestro AG: Takeover (Updated 22 November 2024)

Update as of 22 November 2024

On 25 October 2024 , the company ADNOC International Germany Holding AG announced the start of the acceptance period of the voluntary takeover offer to the shareholders of Covestro AG. According to the offer document, the offer period ends on 27 November 2024. Starting 27 November 2024, until the announcement of the offer result, no exercise of Covestro options will be allowed. Further information will follow immediately after publication of the offer result, particularly about the potential re-designation to the tendered line.


On 24 June 2024, the company Covestro AG announced that it would enter into negotiations with Abu Dhabi National Oil Company, ADNOC, regarding a potential cash takeover transaction. Subject of such negotiations would also be a possible offer price of EUR 62.00 per Covestro share.

More information about the takeover negotiations is available on the Covestro AG website.

This information describes the potential effects this transaction will have on the above-mentioned contracts.

 

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