Covestro stock tracks ADNOC's EUR 62 offer price
Published on 10/05/2026 at 16:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Covestro stock (ISIN DE0006062144) was last at EUR 59.80 on Xetra on October 5, 2026, at 10:29 a.m. CET, while the proposed ADNOC offer is EUR 62 per share. AKM reported on October 4, 2026, that the proposed transaction could value Covestro at EUR 11.7 billion.
Offer price sets the reference point
The EUR 62 offer price stands EUR 2.20 above the October 5 market price, a gap of 3.7 percent. That spread gives the takeover terms a direct role in the share price because the proposed consideration is higher than the level at which the stock was trading.
AKM said the proposed transaction value is EUR 11.7 billion and that the offer requires approval from the UAE government. The report also described access to Covestro polymer materials for electric vehicles, engineering plastics, coatings and building insulation as a strategic rationale.
Q2 EBITDA improves sharply
Covestro's operating picture supplied a separate numerical anchor in Q2 2026. Quartr reported that EBITDA rose 64.4 percent to EUR 669 million as margins improved despite lower sales.
The comparison matters because it shows stronger profitability in the latest reported quarter even as demand remained uneven. For investors, the takeover value and the operating result therefore point to two different measures of the stock: transaction value on one side and earnings recovery on the other.
Stock remains near yearly high
Covestro's October 5 quote of EUR 59.80 stood between a 52-week low of EUR 58.38 and a high of EUR 60.90. The price was therefore EUR 1.10 below the high, while the same market page showed an unchanged daily percentage move.
Market capitalization was EUR 12.5 billion on October 2, 2026, according to the quoted market data. The combination of a EUR 62 proposed offer, a EUR 59.46 cash settlement value cited in recent takeover coverage, and a EUR 59.80 market price leaves the transaction terms as the clearest near-term valuation reference.
Covestro stock stays at EUR 59.80
Covestro stock was last at EUR 59.80 on Xetra on October 5, 2026, at 10:29 a.m. CET. The price was unchanged on the cited session, with the EUR 62 proposed offer remaining above the market level.
Covestro stock facts
- Company: Covestro AG
- ISIN: DE0006062144
- Ticker: 1COV.DE
- Trading venue: XETRA
- Price (as of October 5, 2026, 10:29 a.m. CET): EUR 59.80
- Market capitalization: EUR 12.5 billion (as of October 2, 2026)
- 52-week range: EUR 58.38-60.90 (as of October 5, 2026)
- Sector / Industry: Materials / Chemicals
