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Adnoc to buy Covestro in €11.7bn deal

By Michele Maatouk

Date: Tuesday 01 Oct 2024

(Sharecast News) - Covestro shares sparked on Tuesday after the German chemicals firm agreed to be bought by Abu Dhabi's state-owned oil firm Adnoc for about €11.7bn.
Under the terms of the agreement, Adnoc will pay €62.00 per share, which is a 54% premium to the unaffected share price, prior to...

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