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Adnoc to buy German chemicals company Covestro

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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).

GlobalData on MSN · 2d

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.

4d

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 ...

Plastics News1d

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 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 ...

4dOpinion

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 ...

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