As has long been expected, the state oil company Adnoc from the United Arab Emirates wants to take over the German plastics company Covestro. The Arabs are offering 62 euros per Leverkusen share, as the companies announced on Tuesday. This means that the Dax group Covestro is valued at a total of 11.7 billion euros.
Covestro has 17,500 full-time positions, around 7,000 of which are in Germany. In addition to the headquarters in Leverkusen, there are large locations in Krefeld (Uerdingen), Dormagen (all NRW) and Brunsbüttel (Schleswig-Holstein). There are large factories abroad near Houston (USA) and in Shanghai (China). The group produces rigid and soft foams as well as hard plastics for the automotive, construction, electronics and furniture industries.
