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UAE's ADNOC to buy German chemicals firm Covestro
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).
UAE’s Adnoc Buys Germany’s Covestro for $13 Billion
Abu
Dhabi
National
Oil
Co., or
Adnoc
, agreed Tuesday to the tie-up, bringing an end to more than a year of talks that had been extended by protracted negotiations over price, job protections for Covestro employees and other matters.
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.
Bloomberg L.P.
4h
UAE Oil Giant’s $13 Billion Wager on Riding Out the Energy Shift
Abu
Dhabi
’s state energy
company
is making its biggest global move yet by acquiring a key chemical-maker in Europe’s ...
19h
on MSN
Abu Dhabi's ADNOC to buy German chemicals company Covestro for $18 billion
Abu Dhabi's ADNOC has agreed to buy German chemicals producer Covestro for 15.9 billion euros ($18 billion) including debt, ...
Yahoo Finance
16h
ADNOC Drilling forms JV to accelerate unconventional oil and gas development
ADNOC
Drilling, a subsidiary of
Abu
Dhabi
National
Oil
Company
(
ADNOC
), has established a JV named Turnwell ...
Opinion
17h
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 ...
15h
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 ...
Upstream
18h
Adnoc awards major contract prize for UAE's largest onshore oilfield
The project would provide artificial lifts to multiple wells for the project’s second phase, aimed at boosting oil output at ...
Crude Oil Prices
18h
UAE’s Oil Giant ADNOC to Buy Chemicals Firm Covestro in $16-Billion Deal
Following a year of negotiations,
Abu
Dhabi
’s
oil
company
ADNOC
has agreed to buy Germany’s chemicals giant ...
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