Investment Agreement Details
ADNOC International Germany Holding AG has made a public takeover offer for all outstanding shares of Covestro at €62.00 per share. This offer is part of an Investment Agreement between Covestro and ADNOC Group entities, including ADNOC International Limited. The agreement includes ADNOC's commitment to support Covestro's "Sustainable Future" strategy.
Capital Increase and Financial Impact
Upon completion of the transaction, Covestro's share capital will increase by 10%, equivalent to 18.9 million shares. These new shares will be issued to the Bidder at the offer price, resulting in proceeds of €1.17 billion. This capital will be used to further implement Covestro's strategic initiatives.
Shareholder Benefits
Shareholders will benefit from a 54% premium on the unaffected share price prior to any media coverage of the potential transaction. This premium reflects the value ADNOC places on Covestro's strategic direction and market position.
