COVESTRO AG O.N. WKN: 606214 ISIN: DE0006062144 Kürzel: 1COV Forum: Aktien Thema: Hauptdiskussion

Wir haben auch keinen plan 🤣

Kann mir mal einer diese ganzen EQS Stimmrechtsmitteilungen erklären? Woran erkenne ich was da genau gemacht wird, also ob aktien gekauft werden oder calls/puts.... Also sprich was positiv und was negativ für den Kurs ist. Danke

Hi zusammen, denkt ihr ein Einstieg bei aktuellem. Kurs lohnt sich oder ist die kommenden Tage eher ein Rückgang zu erwarten? Danke euch

Ja, zudem würde von Barclays alle Instrumente von Call verkauft sowie Stantley morgan und weitere Aktien dazu gekauft. Hab jetzt meinen Bestand um 250 erweitert.

Dein Ernst? Das soll ein grund sein 😉

Bin zwar der Meunung gewesen das der Deal erst nächstes Jahr stattfindet, denke aber inzwischen das er noch Ende des Jahres stattfindet, da die Co2 Steuer ect. alles hochgeht, wäre vermutlich günstiger es dieses Jahr noch zu kaufen

gut getroffen mit der Vorhersage!

Adnoc wird denke ich auch für € 70,00 pro Aktie kaufen, schließlich positioniert sich Covestro immer stärker beim Thema nachhaltige Produktion und Kreislaufwirtschaft. https://www.mrchub.com/news/410564-covestro-launches-partially-bio-based-pud-for-textile-coatings

Und der Artikel bestätigt, was wir alle schon immer vermutet haben: alle wollen den Deal, nur der Steilemann nicht. Eigentlich muss der sofort gefeuert werden, es kann ja nicht sein, dass eine einzige Person gehen den Willen der Eigentümer und sogar des Aufsichtsrat agiert, um seine eigene Agenda durchzukriegen.

@Starker_Kaffee: Vielen Dank fürs einstellen. € 656 fände ich jetzt eher weniger angemessen, wenn der Wert der Anlage schon bei mehr als € 70 liegt. Da ist es dann nicht sachgerecht, auf ein nach hinten verschobenes EBITDA Ziel abzustellen. Aber mal sehen, was die Umfrage bei den Aktionären so bringt. Wenn die Mehrheit € 70 will, dann wird sich Adnoc den Deal wohl nicht wegen der € 5 mehr pro Aktie entgehen lassen.

WILL THE PRICE BE RIGHT? Crucially, Covestro has this week begun polling shareholders on what they would deem an acceptable offer price. MEES soundings indicate that a figure somewhat above Adnoc’s €60/share but not much more than €65/share is likely, down from previous expectations that Covestro management would push for a figure closer to €70/share. One source suggested that Covestro has acknowledged that its mid-term earnings guidance is unrealistic and needs to be pushed back by a few years, and that a lower valuation is therefore required. A figure in the mid €60s would likely prove acceptable for Adnoc, enabling a deal to be closed in 2024. Covestro’s share price was trading at around €49 as MEES went to press, and a final price of €65 would value the firm at around €12.5bn. Under Adnoc’s planned takeover, the Abu Dhabi state energy giant would invest around $8bn to finance Covestro’s plans to future-proof the business amid the energy transition, though details on how this would be invested remain extremely limited. Indeed, shareholders in the German firm have been surprised that Adnoc did not present a more detailed plan regarding capital projects, and there remains no clarity regarding the timescale of this work. A spokesperson for Adnoc previously stated in September that “Adnoc welcomes Covestro’s decision to enter into discussions about a potential transaction and we look forward to a constructive engagement.” The firm did not provide any comment on subsequent developments. The UAE's leadership has built a strong relationship with its German counterparts, as was highlighted on the opening day of Cop28. In a post on social media, Germany's Foreign Office stated "What a start at Cop28: Germany and UAE kickstarted contributions to the Loss And Damage fund with 100 million dollars each."

Adnoc-Covestro Talks Set To Enter Next Phase In 2024 1 Dec 2023Issue: 66 / 48By:Jamie Ingram German chemicals firm Covestro has started polling shareholders on what price they might accept from Adnoc as takeover talks look poised to enter a new phase in early 2024. Adnoc’s planned purchase of German chemicals firm Covestro appears to be gaining traction. Background talks have been ongoing between executives since the two firms entered into “open-ended discussions” in September (MEES, 15 September), and appear poised to enter a more formal phase following the conclusion of the Cop28 talks in Dubai. The bid is a core element of Adnoc’s ambitious international expansion strategy, especially with the outbreak of the Gaza conflict stalling a planned joint bid with BP for Israeli upstream firm NewMed (MEES, 6 October). Adnoc is on the hunt for additional chemicals capacity through a combination of organic growth and acquisitions. As well as the planned purchase of Covestro, Adnoc is looking to purchase a stake in Brazilian firm Braskem, while talks are also ongoing with Austria’s OMV over merging their Borealis chemicals venture with the Adnoc/Borealis Borouge joint venture in a move which would greatly simplify the combined entity’s corporate structure (MEES, 3 November). While Adnoc is looking to aggressively expand its chemicals capacity, MEES understands that the Abu Dhabi firm intends to maintain acquired firms as discrete entities. Indeed, a key element of Adnoc’s pitch for Covestro is that it will retain the firm’s industrial facilities in Germany. Politicians and trade unions have been reassured that Adnoc won’t be looking to move jobs overseas. COVESTRO POLLS SHAREHOLDERS News first emerged that Adnoc had submitted a proposal of around €50/share for Covestro in June, and Covestro subsequently agreed to enter into discussions in September after Adnoc raised this to around €60/share. Since then, observers have been anxiously looking for signs of progress. While the German authorities and Covestro’s board are seen as generally favorable to the takeover, the key stumbling block has often been seen to be CEO Markus Steilemann (MEES, 27 October), but such concerns are now easing. Talks have continued behind the scenes since September, including with periodic face-to-face meetings. A source close to proceedings noted this week that there remained differences on key matters but that none of this was insurmountable. “The [German] government seems to be amenable to the deal, as should shareholders, so I struggle to see why this doesn’t eventually get signed, but patience is certainly a virtue,” noted another source. MEES understands that Covestro’s management and Investor Relations department stepped up discussions with shareholders on the takeover talks this week, with sources optimistic that the firm is preparing to enter formal discussions. Management reiterated during discussions that there was no engagement with Adnoc prior to 8 September and that preliminary discussions were always going to take several months.

Adnoc hat ein fördervolumen von 4.500.000 Barrel am Tag. Dass ein Deal am Geld scheitern sollte kann ich mir ehrlich gesagt nicht vorstellen. Die wertschöpfungskette wird sinnhaft und ziemlich günstig langfristig verlängert, wenn es zu einer Übernahme kommen sollte

Äh hallo mich auch nicht. Spinnen die... ich bin doch grossaktionär 🤭

Scheint jetzt tatsächlich konkreter zu werden, wobei mich noch keiner gefragt hat, welchen Kurs ich akzeptieren würde ;-) (Artikel ist hinter einer Bezahlschranke und man kann nur bei der Erstregistrierung einen Artikel umsonst lesen, die habe ich aber schon durch, vielleicht kann sich ja jemand anderes registrieren und den kompletten Artikel posten): "German chemicals firm Covestro has started polling shareholders on what price they might accept from Adnoc as takeover talks look poised to enter a new phase in early 2024. Adnoc’s planned purchase of German chemicals firm Covestro appears to be gaining traction. Background talks have been ongoing between executives since the two firms entered into “open-ended discussions” in September (MEES, 15 September), and appear poised to enter a more formal phase following the conclusion of the Cop28 talks in Dubai. The bid is a core element of Adnoc’s ambitious international expansion strategy, especially with the outbreak of the Gaza conflict stalling a planned joint bid with BP for Israeli upstream firm NewMed (" https://www.mees.com/2023/12/1/corporate/adnoc-covestro-talks-set-to-enter-next-phase-in-2024/fc4a1570-9048-11ee-ba79-472a600ce16c#article-free-trial-form

Vermute mal sehr stark das Banken Call Optionen eingekauft haben, dann Aktien gekauft haben um dann ihre Call Optionen zu beenden. Daher der Kurssprung. Handelsvolumen war am Vortag sehr hoch. 30.11 = 1,2 Millionen im Orderbuch bei Xetra 01.12 = 1,8 Millionen im Orderbuch bei Xetra Plus die Calls beenden + die Fantasie das die Übernahme kommt ergibt dieses Ergebnis. Montag geht denke ich runter.