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Abu Dhabi's ADNOC to buy German chemicals company Covestro
Abu Dhabi's ADNOC to buy German chemicals company Covestro for $18 billion
By Ludwig Burger BERLIN (Reuters) -Abu Dhabi state oil giant ADNOC said on Tuesday that it has agreed to buy German chemicals producer Covestro for 15.9 billion euros ($18 billion) including debt, sending Covestro shares up 4% in early trade.
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.
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.
19h
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 ...
Lawyer Monthly
1h
Freshfields Advises Abu Dhabi Oil in €14.7B Covestro Deal
Abu Dhabi's state-owned oil enterprise, Adnoc, declared on Tuesday its intention to purchase the German chemical manufacturer ...
3h
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 ...
1d
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 ...
Upstream
21h
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 ...
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