No “material uplift” expected in ADNOC’s possible offer for Covestro; companies still fine-tuning details, says source involved in the process

The due diligence process for  a possible takeover of German chemical player Covestro by Abu Dhabi National Oil Company (ADNOC) is unlikely to be completed by the summer, a source directly involved in the process told Equity Report.

In a statement...

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Valeria Camerino

Valeria is a seasoned business and financial journalist with fifteen years of industry experience.

Before launching Equity Report in October 2022, Valeria was European Editor for US-based financial news service CTFN, where she spent seven years reporting on event-driven situations, breaking news stories on complex financial and regulatory issues across several jurisdictions, from Europe and Africa to China, India, Brazil, and Australia.

Prior to that, she was Senior Reporter at TelecomFinance, Middle East correspondent, and later Southern Europe correspondent at Mergermarket (currently ION), and held a number of editorial positions with Dubai and London-based b2b publications.

She holds a BA (Hons) in Languages and Public Relations from Leeds Beckett University and an MA in International Journalism from University of Central Lancashire.