Abu Dhabi's ADNOC to buy German chemicals firm Covestro
ADNOC to buy German chemical company Covestro in $12.9bn deal
Abu Dhabi National Oil Company (ADNOC), through its subsidiary ADNOC International, has signed an agreement to acquire German chemical manufacturer Covestro for €11.7bn (Dh47.43bn). The acquisition terms include a public takeover offer for all outstanding shares of Covestro at €62 per share.
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 debt, in the energy giant's biggest ever acquisition.
Abu Dhabi's ADNOC to acquire German chemicals firm Covestro for $16.4 billion
Abu Dhabi's state oil firm ADNOC announced it will buy German firm Covestro in a 14.7 billion-euro deal ($16.4 billion).
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’s set to be the biggest Middle Eastern acquisition of a European firm.
UAE’s Adnoc Buys Germany’s Covestro for $13 Billion
Adnoc and Covestro agreed on a tie-up valuing the chemicals maker at $13.05 billion in a deal that will help the Abu Dhabi energy giant diversify its portfolio beyond its core oil business.
ADNOC confirms deal to buy Germany’s Covestro in €15.9B deal
ADNOC to acquire Covestro for €15.9B, marking one of this year's largest deals and transforming the chemicals producer into an energy company.
CompositesWorld19h
Covestro signs investment agreement with ADNOC
Agreement supports ADNOC’s public takeover offer to all of Covestro’s shareholders, all of which will become a foundation for ...
Plastics News23h
What are the benefits of Adnoc's purchase of Covestro?
One market analyst sees several benefits to Abu Dhabi National Oil Co.'s $13 billion proposal to buy materials giant Covestro ...
Adnoc International to acquire Covestro AG
Covestro AG, the Bayer spinout and plastics manufacturer whose North American headquarters is in Pittsburgh, is poised to be ...
Adnoc Denies Hedge Funds the Neat German M&A Trade With Covestro Bid
The first question at the beginning of any German takeover is what the ending looks like. Buying a Frankfurt-listed company ...
Covestro Stock Rises After Deal News
An oil producer from the United Arab Emirates is set to clinch a $13 billion-plus deal for Germany’s Covestro, pushing ADRs ...
EuropaWire2d
Covestro Signs Investment Agreement with ADNOC, Supporting €62.00 Takeover Offer for Shareholders
Covestro AG has signed an Investment Agreement with ADNOC International Germany Holding AG, which supports ADNOC's public ...
PolymerUpdate5d
Covestro takes TDI plant off stream for maintenance
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