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 ADNOC has struck a deal to buy German chemicals maker Covestro for 14.7 billion euros ($16.3 billion), including ...
Abu Dhabi National Oil Co. reached a deal to buy chemical producer Covestro AG for about €11.7 billion ($13 billion), in what ...
There are no plans to sell, close or significantly reduce its business activities as part of the transaction, Covestro ...
Abu Dhabi's ADNOC has agreed to buy German chemicals producer Covestro for 15.9 billion euros ($18 billion) including debt, ...
The first question at the beginning of any German takeover is what the ending looks like. Buying a Frankfurt-listed company ...
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 ...
The Abu Dhabi Securities Exchange (ADX) announced today (October 2) the execution of 15 large direct deals involving ...
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