Reported about 6 hours ago
Shares of Covestro, a German chemical manufacturer, rose 5.5% as ADNOC announced plans to make concessions amidst an EU subsidy investigation regarding its €14.7 billion bid for the company. Analysts view these developments positively, increasing the likelihood of a successful acquisition agreement. This rise comes after a year-to-date decline of 3.1% in Covestro shares.
Source: YAHOO