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15 hours ago · Abu Dhabi's ADNOC has struck a deal to buy German chemicals maker Covestro for 14.7 billion euros ($16.3 billion), including debt, in the energy giant's biggest ever acquisition.
1 day ago · Abu Dhabi’s state-owned oil firm ADNOC on Tuesday said it has agreed to buy German chemicals firm Covestro for 14.7 billion euros ($16.4 billion). ADNOC will launch a 62 euros-per-share ...
1 day ago · An Adnoc subsidiary has agreed to buy German chemicals maker Covestro for an enterprise value of €14.7 billion ($16.34 billion) as the Abu Dhabi-based energy company grows to become a major player in the chemicals industry. Adnoc International will offer Covestro shareholders cash consideration of €62 per share, which represents a premium ...
1 day ago · Credit: Covestro. ADNOC has promised to stick with Covestro’s sustainability targets and not close any of its facilities until at least the end of 2028. Following negotiations that lasted more ...
1 day ago · Abu Dhabi National Oil Co. reached a deal to buy chemical producer Covestro AG for about €11.7 billion ($13 billion), in what’s set to be the biggest Middle Eastern acquisition of a European firm.
1 day ago · ADNOC’s €14.7 billion acquisition of Covestro is one of the largest investments by a Middle Eastern firm in a German DAX-listed company, marking a trend of increasing cross-border investment ...
1 day ago · German chemicals group Covestro said Tuesday it had accepted a takeover bid from UAE state energy company ADNOC, as one of the key sectors in Europe's largest economy is gripped by crisis.
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