The shares of the renowned chemical company Covestro came under pressure again on Wednesday. They closed at a minus of 1.79 percent on XETRA at a price of 50.38 euros. Nevertheless, they were above the previous day's low, which fell due to speculation about a possible takeover by the state oil company Abu Dhabi National Oil.

The trigger of the sudden drop in stock prices on Tuesday evening was an article on the finance website "Betaville". The site, which claims to be an expert in market rumors, published information under the headline "Uncooked Alert" about the negotiations between Covestro and ADNOC. According to the site, these negotiations are "not going as well as expected". It is unclear whether ADNOC has submitted a previously speculated purchase offer of 60 euros per share.

The statements of Covestro's CFO about the slow negotiations with ADNOC could lead to negative interpretations among some skeptics. However, this is countered by the assessment of the investment firm Oddo BHF, which emphasizes that there are no signs that Covestro's management is averse to the takeover by the Arabs.

Speculations about a possible acquisition by ADNOC have kept Covestro's stock in motion for weeks. However, the company's management has not yet officially commented on these speculations. Analysts believe that a potential acquisition by ADNOC would lead to a significant change in the European chemical industry.