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Adnoc wants to take over Covestro promising the delivery of green hydrogen and financing investments

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The Arab oil company Adnoc is stepping up its campaign to take over the German plastics manufacturer Covestro. Adnoc offers itself to the group as a “reliable partner” for financing investments and for the medium-term delivery of green hydrogen as an energy source, the Handelsblatt reported on 23 August This was confirmed to the Handelsblatt by several people familiar with the situation. In the current takeover proposal, Covestro is also guaranteed independence.

Source https://is.gd/Z8w7JF

 Adnoc wants to take over Covestro promising the delivery of green hydrogen and financing investments

The Arab oil company Adnoc is stepping up its campaign to take over the German plastics manufacturer Covestro. Adnoc offers itself to the group as a “reliable partner” for financing investments and for the medium-term delivery of green hydrogen as an energy source, the Handelsblatt reported on 23 August This was confirmed to the Handelsblatt by several people familiar with the situation. In the current takeover proposal, Covestro is also guaranteed independence.

(Photo: dpa, Reuters, Covestro [M])

Source https://is.gd/Z8w7JF

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