Again price increases! Adnoc Raises Offer to Acquire Covestro to US$12.4 Billion

Abu Dhabi National Oil Company (ADNOC) has recently targeted the acquisition of German Covestro (Covestro) made a new offer worth around 11 billion euros ($12.4 billion). The new offer raises Covestro’s valuation to around 57 euros per share, up from an initial informal offer of around 55 euros, the sources said. It is understood that…