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 ...
An oil producer from the United Arab Emirates is set to clinch a $13 billion-plus deal for Germany’s Covestro, pushing ADRs ...
Abu Dhabi's state-owned oil enterprise, Adnoc, declared on Tuesday its intention to purchase the German chemical manufacturer ...
Adnoc International announced an agreement to acquire Covestro AG, whose North American headquarters are in Pittsburgh.
Covestro AG has signed with entities of ADNOC Group an Investment Agreement with a term until end of 2028. The Agreement stipulates ...
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