Covestro stock trades at EUR 60.40 as EUR 62 offer looms

Published on 10/04/2026 at 13:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Covestro stock was quoted at EUR 60.40 on October 1, 2026, while ADNOC proposed EUR 62 per share. First-half EBITDA rose 64.4 percent to EUR 669 million.

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Covestro stock (ISIN DE0006062144) was quoted at EUR 60.40 on Xetra on October 1, 2026, up 0.33 percent from the previous session. The share price sits below ADNOC's proposed EUR 62 per-share transaction value, keeping the takeover terms central to the investment case.

EUR 62 offer sets the reference

According to AKM on October 1, 2026, ADNOC submitted an official offer valued at EUR 11.7 billion, based on EUR 62 per share. The proposed consideration is above the EUR 59.46 per-share cash settlement cited in Covestro's investor-relations materials for the squeeze-out process.

The price gap is limited in absolute terms: EUR 60.40 is EUR 1.60 below the proposed EUR 62 consideration, equal to 2.6 percent below the offer price. That spread reflects the difference between the quoted market value and the transaction value rather than a conventional earnings-driven rally.

First-half earnings improve sharply

European Rubber Journal reported that Covestro's preliminary first-half 2026 sales reached EUR 6.73 billion and earnings reached EUR 669 million. The same report said earnings rose 64.4 percent year over year, helped by higher selling prices while raw-material cost increases lagged.

Covestro also raised its full-year earnings outlook after the first-half performance exceeded expectations, according to the report. The operating improvement gives the stock a second valuation anchor, although the EUR 62 transaction value remains the most visible market reference.

Stock stays below 52-week high

Covestro's reference price of EUR 60.40 on October 1, 2026, is 1.30 percent below the 52-week high of EUR 61.20 and EUR 6.30 above the 52-week low of EUR 54.10. The market capitalization stood at EUR 12.5 billion as of October 2, 2026.

The combination of a EUR 62 offer, EUR 669 million in first-half earnings and a 64.4 percent year-over-year EBITDA increase leaves the share price closely tied to transaction progress. For investors, the key distinction is between the cash value proposed by ADNOC and the operating improvement reported for the first half.