Energy

Covestro rises on report of formal talks over $12B bid by Adnoc


High-rise buildings in Abu Dhabi, United Arab Emirates

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Covestro (OTCPK:CVVTF) on Friday rose as much as 11% after disclosing its management board decided to begin formal talks about a $12.4 billion takeover bid by Abu Dhabi National Oil Company ((Adnoc)).

The possibility that a deal “will be reached is



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