BERLIN, Sept 18 (Reuters) - Shares in German blue-chip
company Covestro rose by 9.9% in early trade on Friday
after Bloomberg reported private equity firm Apollo Global
Management was exploring a takeover of the plastics
The talks are at an early stage and there is no certainty
they will result in a deal, the report said.
"Apollo has broad experience in the plastics industry with a
prior investment in LyondellBasell and unsuccessful aim to
takeover RPC Group Plc, so story seems very likely," a local
Apollo and Covestro did not immediately respond to Reuters
requests for comment.
(Reporting by Thomas Seythal
Editing by Riham Alkousaa)