Abu Dhabi's ADNOC to buy German chemicals firm Covestro for …
WEB2 days ago · Abu Dhabi's ADNOC has struck a deal to buy German chemicals maker Covestro for 14.7 billion euros ($16.3 billion), including debt, in the energy giant's biggest ever acquisition.
Abu Dhabi's ADNOC to buy Covestro for $16.4 billion - CNBC
WEB3 days ago · Abu Dhabi’s state-owned oil firm ADNOC on Tuesday said it has agreed to buy German chemicals firm Covestro for 14.7 billion euros ($16.4 billion). ADNOC will launch a 62 euros-per-share ...
Adnoc to Buy Covestro for €12 Billion in Its Biggest Deal
WEB3 days ago · Abu Dhabi National Oil Co. reached a deal to buy chemical producer Covestro AG for about €11.7 billion ($13 billion), in what’s set to be the biggest Middle Eastern acquisition of a European firm.
Press Releases - ADNOC
WEBSep 4, 2024 · We focus on developing new oil and gas fields in an onshore concession block located in the southeast of Abu Dhabi, supporting ADNOC’s ambition to cost-efficiently unlock and maximize value from all of Abu Dhabi’s oil and gas resources.
Abu Dhabi targets largest-ever foreign takeover with €14.7bn …
WEB2 days ago · The United Arab Emirates has launched the largest takeover deal in its history after Abu Dhabi’s state oil company on Tuesday made a €14.7bn offer for the German chemicals company Covestro ...
Abu Dhabi’s ADNOC targets giant $16bn takeover of Germany’s …
WEB2 days ago · 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. ADNOC today ...
Adnoc's headquarters in Abu Dhabi. The acquisition of Covestro …
WEB2 days ago · An Adnoc subsidiary has agreed to buy German chemicals maker Covestro for an enterprise value of €14.7 billion ($16.34 billion) as the Abu Dhabi-based energy company grows to become a major player in the chemicals industry.. Adnoc International will offer Covestro shareholders cash consideration of €62 per share, which represents a premium of 54 per cent to the unaffected closing share ...
ADNOC finalising due diligence on Covestro, sources say
WEBAug 28, 2024 · Abu Dhabi National Oil Company (ADNOC) is finalising due diligence for a takeover of Covestro in a deal that could reach 11.7 billion euros ($13 billion), two sources familiar with the matter...
Adnoc’s long Covestro chase set to achieve Europe’s largest …
WEBJun 24, 2024 · Adnoc’s long Covestro chase set to achieve Europe’s largest takeover of year. UAE oil company’s lengthy courtship and sweetened €14.4bn bid key to overcoming German chemical group’s reluctance.
UAE’s Oil Giant ADNOC to Buy Chemicals Firm Covestro in $16 …
WEB2 days ago · Following a year of negotiations, Abu Dhabi’s oil company ADNOC has agreed to buy Germany’s chemicals giant Covestro in a deal worth $16.3 billion (14.7 billion euros) including debt, the ...