Abu Dhabi's ADNOC to buy German chemicals firm Covestro for …
WEB1 day 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.
UAE Oil Giant ADNOC Swoops On German Chemicals Firm …
WEB1 day ago · The state energy company of the United Arab Emirates will also inject around 1.2 billion euros into the chemicals firm through the issuance of new shares, once the deal is completed. With ADNOC ...
Abu Dhabi's ADNOC to buy German chemicals firm Covestro for …
WEB1 day ago · Abu Dhabi's ADNOC has struck a deal to buy German chemicals maker Covestro for €14.7 B ($16.3 B), including debt, in the energy giant's biggest ever acquisition. The deal is one of the largest foreign takeovers by a Gulf state as countries in the region seek to reduce their dependence on oil amid the global switch to cleaner energy.
UAE: Adnoc to buy German chemicals company Covestro for …
WEB1 day ago · Published: Tue 1 Oct 2024, 3:01 PM. The UAE's Adnoc has agreed to buy German chemicals producer Covestro for ($18 billion (Dh66.11 billion) including debt, the state oil giant said on Tuesday ...
Adnoc to acquire Germany’s Covestro for $16 billion to become …
WEB1 day 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 ...
Abu Dhabi's ADNOC to buy German chemicals firm Covestro - RTÉ
WEB1 day ago · Abu Dhabi's state oil giant ADNOC has agreed to buy German chemicals producer Covestro for €14.7 billion, one of the biggest foreign takeovers by a Gulf state which is aimed at diluting the ...
UAE’s Oil Giant ADNOC to Buy Chemicals Firm Covestro in $16 …
WEB1 day 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 ...
ADNOC seals $13b takeover of German plastic-maker Covestro
WEB1 day ago · Covestro separately confirmed it had accepted a takeover bid that values one of the world's leading chemical players at 12 billion euros ($13.3 billion). This landmark agreement marks a step ...
UAE oil giant ADNOC swoops on German chemicals firm Covestro | News ...
WEB1 day ago · UAE state energy giant ADNOC will buy German chemicals firm Covestro for 12 billion euros ($13.3 billion) German chemicals group Covestro said Tuesday it had accepted a takeover bid from UAE state ...
Adnoc to Buy Covestro for €12 Billion in Its Biggest Deal (2)
WEB1 day ago · Anthony Di Paola. Abu Dhabi National Oil Co. has 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. Adnoc and Covestro said the deal will value the German company at €62 per share, but hinges on the Abu Dhabi oil producer ...