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.
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.
Abu Dhabi's state oil firm ADNOC announced it will buy German firm Covestro in a 14.7 billion-euro deal ($16.4 billion).
Dubai Petronas, the Malaysian oil and gas company, has achieved a significant milestone by securing an onshore concession ...
A joint venture comprising Abu Dhabi National Oil Company subsidiary Adnoc Drilling, US-based SLB and Patterson-UTI ...
By Ludwig Burger BERLIN (Reuters) -Abu Dhabi state oil giant ADNOC said on Tuesday that it has agreed to buy German chemicals ...
Petronas was also in the news earlier today as Mitsubishi Corp. announced plans to expand its investment in Malaysia's ...
Turnwell is drilling the 144 wells as part of a $1.7 billion contract that was earlier awarded by Adnoc to its subsidiary ...
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