- Covestro's Board will discuss potential agreements with Adnoc.
- Focus will be on sustainability and corporate governance.
- Any agreement requires board and regulatory approval.
- No further comments unless required by disclosure rules.
Decision to Enter Discussions
The Board of Management of Covestro AG has decided to engage in open-ended discussions with Abu Dhabi National Oil Company (Adnoc) following Adnoc's expressed interest in Covestro. The outcome, form, and conditions of any potential agreement remain uncertain and will depend on the forthcoming discussions.
Focus on Sustainability
During these discussions, Covestro’s Board of Management will emphasize the importance of continuing its future- and sustainability-oriented corporate strategy. This includes ensuring appropriate corporate governance provisions are in place.
Approval Requirements
Any potential agreement would require mutual consent on commercial and legal transaction parameters. Additionally, it would need the approval of the respective boards of both parties and the competent authorities.
Disclosure Policy
Covestro has stated that it does not intend to comment further on this matter unless there are changes in circumstances or events that necessitate publication to comply with applicable disclosure rules.
