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ADNOC, Covestro
Abu Dhabi's ADNOC to buy German chemicals firm Covestro for $16 bln
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.
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,
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.
18h
Adnoc International to acquire Covestro AG
Covestro AG, the Bayer spinout and plastics manufacturer whose North American headquarters is in Pittsburgh, is poised to be ...
2d
Adnoc to Buy Covestro for €12 Billion in Its Biggest Deal
Abu Dhabi National Oil Co. reached a deal to buy chemical producer Covestro AG for about €11.7 billion ($13 billion), in what ...
11h
Adnoc targets to ride out the energy transition
Abu Dhabi’s state energy company is making its biggest global move yet by acquiring a key chemical-maker in Europe’s ...
21h
ADNOC’s still on the hunt after $13 billion acquisition
The UAE’s national oil company agreed to buy Germany’s Covestro for about $13 billion, marking the biggest deal ever for ...
Opinion
1d
Opinion
Adnoc Denies Hedge Funds the Neat German M&A Trade With Covestro Bid
The first question at the beginning of any German takeover is what the ending looks like. Buying a Frankfurt-listed company ...
2d
Covestro Stock Rises After Deal News
An oil producer from the United Arab Emirates is set to clinch a $13 billion-plus deal for Germany’s Covestro, pushing ADRs ...
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Abu Dhabi National Oil Company
United Arab Emirates
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