Abu Dhabi targets largest-ever foreign takeover with €14.7bn offer for Germany’s Covestro
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, has offered €62 per share for the German company. It will also inject €1.17bn of new money into the chemicals group.
The first question at the beginning of any German takeover is what the ending looks like. Buying a Frankfurt-listed company ...
There are no plans to sell, close or significantly reduce its business activities as part of the transaction, Covestro ...
Oil giant Abu Dhabi National Oil Co. (Adnoc) has reached an agreement of around 11.7 billion euros ($13 billion) to acquire ...
Abu Dhabi National Oil Co. reached a deal to buy chemical producer Covestro AG for about €11.7 billion ($13 billion), in what ...
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