EQS-Adhoc: Covestro AG: Covestro AG enters into concrete negotiations with Adnoc regarding a potential transaction
Source: EQS
EQS-Ad-hoc: Based on the open-ended talks held so far with
In the view of the Starting point for the negotiations is a possible offer price of € 62 per Covestro share that Adnoc has indicated to Covestro, which is subject, among other things, to the results of the confirmatory due diligence and agreement on the content of an investment agreement. Adnoc and Covestro both intend to proceed with the negotiations about a potential transaction and the confirmatory due diligence in a timely manner. At this time, there is no certainty whether the upcoming negotiations will lead to an agreement. There is also no certainty as to the final terms of any such agreement. Any potential transaction would, in addition to mutual agreement on the commercial and legal transaction parameters, among other things, be subject to the approval of the respective boards of the parties and clearance by the competent authorities. Contact: Ronald Köhler Head of Investor Relations Phone: +49 214 6009 5098 E-mail: ronald.koehler@covestro.com Carsten Intveen Phone: +49 214 6009 5861 E-mail: carsten.intveen@covestro.com Phone: +49 214 6009 5281 E-mail: marc.schuetze@covestro.com End of Inside Information
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Language: | English |
Company: | |
Kaiser-Wilhelm-Allee 60 | |
51373 Leverkusen | |
Phone: | +49 (0) 214 60095098 |
Fax: | +49 (0) 214 60097002 |
E-mail: | ronald.koehler@covestro.com |
Internet: | www.covestro.com |
ISIN: | DE0006062144 |
WKN: | 606214 |
Indices: | DAX |
Listed: | Regulated Market in |
EQS News ID: | 1931575 |
End of Announcement |
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1931575 24-Jun-