Abu Dhabi’s ADNOC targets giant $16bn takeover of Germany’s Covestro
The Abu Dhabi National Oil Company (ADNOC) has launched a $16bn takeover bid for German chemical giant Covestro. The move to acquire a German industrial powerhouse would be a record purchase for the Abu Dhabi company and a long-term investment in its industrial and chemical future.
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 ...
Following a year of negotiations, Abu Dhabi’s oil company ADNOC has agreed to buy Germany’s chemicals giant ...
The project would provide artificial lifts to multiple wells for the project’s second phase, aimed at boosting oil output at ...
Abu Dhabi’s state energy company is making its biggest global move yet by acquiring a key chemical-maker in Europe’s ...
Under the terms of the agreement, valid until the end of 2028, the Abu Dhabi National Oil Company (ADNOC) will ...
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