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Covestro AG
M&A Activity • Sep 8, 2023
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M&A Activity
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News Details
Ad-hoc | 8 September 2023 19:29
Covestro AG decides to enter into open-ended discussions with Abu Dhabi National Oil Company
Covestro AG / Key word(s): Mergers & Acquisitions
Covestro AG decides to enter into open-ended discussions with Abu Dhabi National Oil Company
08-Sep-2023 / 19:29 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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 on the course of the forthcoming discussions. During the discussions, Covestro’s Board of Management will in particular also address the safeguarding of the further implementation of its future- and sustainability-oriented strategy, including corresponding corporate governance provisions. Any agreement would, in addition to mutual consent on the commercial and legal transaction parameters, require the approval of the respective boards of the parties and the approval of the competent authorities.
Contact:
Ronald Köhler
Head of Investor Relations
Phone: +49 214 6009 5098
E-mail: [email protected]
Carsten Intveen
Phone: +49 214 6009 5861
E-mail: [email protected]
Marc Schütze
Phone: +49 214 6009 5281
E-mail: [email protected]
End of Inside Information
08-Sep-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
| Language: | English |
| Company: | Covestro AG |
| Kaiser-Wilhelm-Allee 60 | |
| 51373 Leverkusen | |
| Germany | |
| Phone: | +49 (0) 214 60095098 |
| Fax: | +49 (0) 214 60097002 |
| E-mail: | [email protected] |
| Internet: | www.covestro.com |
| ISIN: | DE0006062144 |
| WKN: | 606214 |
| Indices: | DAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1722521 |
| End of Announcement | EQS News Service |