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Adnoc agrees to buy Germany’s Covestro in €14.7bn deal
Abu Dhabi’s national oil company has agreed a €14.7bn deal to buy German chemicals group Covestro in one of the largest European takeovers this year. Adnoc, which has been pursuing Covestro since last year,
Abu Dhabi's ADNOC to buy German chemicals firm Covestro for $16 billion
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. The deal is one of th
UAE’s Adnoc Buys Germany’s Covestro for $13 Billion
The tie-up is part of the oil producer’s big bet on chemicals, as it tries to transform into a fully integrated energy company.
UAE oil giant ADNOC swoops on German chemicals firm Covestro
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
Abu Dhabi's ADNOC to buy German chemicals company Covestro for $18 billion
By Ludwig Burger BERLIN (Reuters) -Abu Dhabi state oil giant ADNOC said on Tuesday that it has agreed to buy German chemicals producer Covestro for 15.9 billion euros ($18 billion) including debt, sending Covestro shares up 4% in early trade.
Adnoc to Buy Germany’s Covestro for $13 Billion
Adnoc and Covestro agreed on a tie-up valuing the chemicals maker at $13.05 billion in a deal that will help the Abu Dhabi energy giant diversify its portfolio beyond its core oil business.
Abu Dhabi's ADNOC to acquire German chemicals firm Covestro for $16.4 billion
Abu Dhabi’s state oil firm ADNOC announced it will buy German firm Covestro in a 14.7 billion-euro deal ($16.4 billion).
Construction Week Online
31m
Dubai: Egis secures major contract for Expo City’s $2.7bn DEC expansion
Egis will oversee a comprehensive range of services, including architectural, structural, mechanical, electrical, and ...
1d
Abu Dhabi targets largest-ever foreign takeover with €14.7bn offer for Germany’s Covestro
The United Arab Emirates has launched the largest takeover deal in its history after Abu Dhabi’s state oil company on Tuesday ...
pharmaphorum
20h
Amgen to face investor lawsuit over $10.7bn tax liability disclosure
The lawsuit, originally filed by the Roofers Local No. 149 Pension Fund in 2023, alleges that Amgen misled shareholders by ...
16h
Rory McIlroy confirms billionaire worth £10.7bn taking action to fix PGA and LIV Golf feud
Rory McIlroy has revealed South African businessman Johann Rupert is trying to broker a peace deal between the PGA Tour and ...
PE Hub
1d
Partners Group sells Techem to TPG, GIC for €6.7bn; Thoma Bravo in IT management deal; Level 20’s Manku calls for more women hires at...
Thoma Bravo will support USU in the development of its product portfolio and the expansion of its geographical footprint, ...
Arabian Business
1d
Saudi-US trade hit $29.7bn last year
In the non-oil sector, Saudi exports to the US totalled $2.3bn (SR8.5bn). Fertilizers topped these, at $790m (SR3bn), ...
Hosted on MSN
5d
AbbVie’s $8.7bn Parkinson’s disease drug shines in Phase III trial
The Phase III TEMPO-1 trial enrolled 529 adults aged between 40 and 80 years, diagnosed with Parkinson’s for less than three ...
agriland.ie
19h
USDA invests $1.7bn for purchasing locally produced foods
USDA has announced an investment of $1.7 billion to support farmers and for the purchase of locally and regionally produced ...
Arabian Business
1d
Abu Dhabi real estate: Record $3.7bn of mortgage deals in Q3 as transactions hit $15.1bn this year
Abu Dhabi’s mortgage market witnessed a robust 20 per cent increase in Q3 2024, with transactions totalling AED13.5bn ($3.7bn ...
PE Hub
1d
Partners Group to sell Techem to TPG and GIC for €6.7bn EV
Partners Group has agreed to sell its majority stake in Techem, an international provider of digitally enabled products for the building ecosystem, to TPG and GIC. The transaction values Techem at an ...
esmmagazine.com
1d
Poland's Żabka Eyes $1.7bn IPO In Potential Boost For Warsaw Bourse
Poland's Żabka plans to raise up to 6.45 billion zlotys ($1.67 billion) for shareholders in its initial public offering this ...
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