Abu Dhabi's ADNOC to buy German chemicals firm Covestro
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.
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 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.
Linklaters, Freshfields Advise on ADNOC's $16B Covestro Deal
Linklaters and Freshfields Bruckhaus Deringer are key advisers on a $16.3 billion deal involving Abu Dhabi National Oil Company's (ADNOC's) acquisition of German chemical giant Covestro.
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.
ADNOC to buy German chemicals firm Covestro for $18bn
The deal marks a cornerstone for ADNOC’s plans to grow its petrochemicals business along with gas and renewable energy.
UAE’s Adnoc Nears $13 Billion Deal to Buy Germany’s Covestro
The tie-up dovetails with the Middle Eastern energy company’s push into chemical production.
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 ...
EuropaWire23h
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 ...
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 ...
Canadian Plastics2d
Abu Dhabi’s ADNOC acquiring Covestro for $16 billion
There are no plans to sell, close or significantly reduce its business activities as part of the transaction, Covestro ...
ADNOC’s still on the hunt after $13 billion acquisition
The UAE’s national oil company agreed to buy Germany’s Covestro for about $13 billion, marking the biggest deal ever for ...
Wall Street Journal3d
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 ...