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Covestro AG (1COV) NPV

Sell:€57.04 Buy:€57.08 Change: €0.24 (0.42%)
Prices delayed by at least 15 minutes | Switch to live prices |
Takeover

Covestro AG NPV

Type:
Takeover
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 14 Nov 2024)

The boards of Covestro AG and ADNOC International Germany Holding AG recently announced the terms of a takeover. Under the terms of the takeover you have been offered EUR62.00 for each share held.

 

If you don’t want to sell any shares, you don’t need to do anything. Depending on the level of acceptance the offeror has stated its intention to delist the remaining shares at a later date.

 

Sell shares in the offer – Act by noon on Monday 25 November 2024

 

Any shares you ask to sell will be removed from your portfolio from 25 November 2024. Cash from any shares successfully will be converted from Euros to Pound Sterling upon receipt, based on the prevailing exchange rate at the time and our standard currency conversion fees, and credited to your account.The company have not announced a date on which payment for shares sold in the offer will be made. Any shares not successfully sold will be returned to your account.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter/message and not on the summary information outlined above.

×
Sell:€57.04
Buy:€57.08
Change: €0.24 (0.42%)
Deal now Deal for just £11.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
Deal now
Prices delayed by at least 15 minutes | Switch to live prices |
Takeover

Covestro AG NPV

Type:
Takeover
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 14 Nov 2024)

The boards of Covestro AG and ADNOC International Germany Holding AG recently announced the terms of a takeover. Under the terms of the takeover you have been offered EUR62.00 for each share held.

 

If you don’t want to sell any shares, you don’t need to do anything. Depending on the level of acceptance the offeror has stated its intention to delist the remaining shares at a later date.

 

Sell shares in the offer – Act by noon on Monday 25 November 2024

 

Any shares you ask to sell will be removed from your portfolio from 25 November 2024. Cash from any shares successfully will be converted from Euros to Pound Sterling upon receipt, based on the prevailing exchange rate at the time and our standard currency conversion fees, and credited to your account.The company have not announced a date on which payment for shares sold in the offer will be made. Any shares not successfully sold will be returned to your account.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter/message and not on the summary information outlined above.

×
Sell:€57.04
Buy:€57.08
Change: €0.24 (0.42%)
Prices delayed by at least 15 minutes | Switch to live prices |
Takeover

Covestro AG NPV

Type:
Takeover
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 14 Nov 2024)

The boards of Covestro AG and ADNOC International Germany Holding AG recently announced the terms of a takeover. Under the terms of the takeover you have been offered EUR62.00 for each share held.

 

If you don’t want to sell any shares, you don’t need to do anything. Depending on the level of acceptance the offeror has stated its intention to delist the remaining shares at a later date.

 

Sell shares in the offer – Act by noon on Monday 25 November 2024

 

Any shares you ask to sell will be removed from your portfolio from 25 November 2024. Cash from any shares successfully will be converted from Euros to Pound Sterling upon receipt, based on the prevailing exchange rate at the time and our standard currency conversion fees, and credited to your account.The company have not announced a date on which payment for shares sold in the offer will be made. Any shares not successfully sold will be returned to your account.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter/message and not on the summary information outlined above.

×
Deal now Deal for just £11.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
Deal now
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Business summary

Covestro AG is a Germany-based company engaged in the manufacturing of polymer materials. It develops, produces and markets polyurethanes, polycarbonates and raw materials, as well as coatings, adhesives and other specialties. The Company's activities are divided into three segments: Polyurethanes, offering precursors, such as flexible polyurethane foam primarily used in the furniture and automotive industries, and rigid foam used as insulating material in the construction industry and in refrigeration chains; Polycarbonates, providing plastic polycarbonates in the form of granules, composite materials, and semi-finished products for use in the automotive, construction, medical technology, lighting industries, among others; and Coatings, Adhesives, Specialties, producing precursors for coatings, adhesives, sealants and specialties, as well as polymer materials and aqueous dispersions for use in automotive and transportation, wood processing and furniture applications, among others.

Contact details

Address:
Kaiser-Wilhelm-Allee 60
LEVERKUSEN
51373
Germany
Telephone:
+49 (214) 60092000
Website:
https://www.covestro.de/

Important dates

Future events
There are no future events available.
Past events
There are no past events available.

General stock information

Short code:
1COV
ISIN:
DE0006062144
Market cap:
€10.78 billion
Shares in issue:
188.74 million
Sector:
Specialty Chemicals
Exchange:
Frankfurt Stock Exchange
Country:
Germany
Currency:
Euro
Indices:
n/a

Key personnel

  • Markus Steilemann
    Chairman of the Management Board, Chief Executive Officer
  • Petra Kronen
    Vice Chairman of the Supervisory Board - Employee Representative
  • Christian Baier
    Chief Financial Officer, Member of the Management Board
  • Thorsten Dreier
    Chief Technology Officer, Labor Director, Member of the Management Board
  • Sucheta Govil
    Chief Commercial Officer, Member of the Management Board

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Business summary, contact details and key personnel provided by Thomson Reuters. Important dates provided by Digital Look Ltd. General stock information provided by Reuters.

Options

Share

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.