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ADNOC's bid not yet off the table

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Covestro AG
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Braun, Uwe
8/18/2023 2:46 PM

How long will he resist any offer from ADNOC?

Klaus Steilemann, CEO Covestro.


Source: Covestro Media Library

The lure of capital from the ME Majors will continue and we can expect more established PetChem companies in Europe being approached and changing ownership in the coming years. 

Until now strategies have centered a lot around capacity expansions in China and technology acquisitions in the West. Depressing market environment in Europe will make acquisitons easier.

Craul, Marcus Algazlan, Shahd Loza Loza, Alfredo Monro, Andrew Caralt, Juan Russell, Alan Habbal, Maher Mota, Fernando