ADNOC, Covestro
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 ADNOC's business.
UAE’s Adnoc Buys Germany’s Covestro for $13 Billion
The tie-up is part of the oil producer’s big bet on chemicals, as it tries to transform into a fully integrated energy company.
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.
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).
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.
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.
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.
Abu Dhabi's ADNOC to buy German chemicals firm Covestro for $16 billion
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. The deal is one of th
Adnoc agrees to buy Germany’s Covestro in €14.7bn deal
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,
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What are the benefits to 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 ...
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ADNOC’s Petrochemical Expansion: $16 billion Covestro deal and future plans
ADNOC is rapidly expanding its petrochemical footprint, positioning itself as a key player in global growth markets. ADNOC's ...
Adnoc-Backed VTTI Looks to Buy Into LNG Terminals in Asia
Energy storage company VTTI BV, backed by Abu Dhabi’s main oil company and Vitol Group, is looking to invest in LNG import ...
Covestro Enters Investment Agreement With ADNOC; Supports Public Takeover Offer
Covestro AG has signed with entities of ADNOC Group an Investment Agreement with a term until end of 2028. The Agreement stipulates ...
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ADX logs 15 large deals on ADNOC Gas, Modon worth AED2.66 billion
ABU DHABI, 2nd October, 2024 (WAM) -- The Abu Dhabi Securities Exchange (ADX) announced today the execution of 15 large ...
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 ...
Adnoc targets to ride out the energy transition
Abu Dhabi’s state energy company is making its biggest global move yet by acquiring a key chemical-maker in Europe’s ...
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 ...