German chemicals sector shows strain of Red Sea supply crisis
WEBFRANKFURT, Jan 22 (Reuters) - Germany's chemicals sector, Europe's largest, is starting to feel the pinch from delayed shipments via the Red Sea, becoming the latest industry to warn of...
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 Covestro
WEB1 day ago · German chemicals group Covestro said Tuesday it had accepted a takeover bid from UAE state energy company ADNOC, as one of the key sectors in Europe's largest economy is gripped by crisis.
German chemicals sector recovery loses momentum in Q2, says …
WEBSep 10, 2024 · (Reuters) - A slight recovery in the German chemicals sector lost momentum in the second quarter, a report by the VCI industry body said on Tuesday, as both domestic and foreign orders slowed...
Germany's chemicals sector sees signs of recovery as demand …
WEBMay 15, 2024 · Germany's chemicals industry association VCI raised its outlook for the year on Wednesday, saying it expects production volumes including pharmaceuticals to rise by 3.5%. It had previously...
Abu Dhabi's ADNOC to acquire German chemicals firm Covestro …
WEB1 day ago · Abu Dhabi's state-owned oil firm ADNOC on Tuesday said it has agreed to buy German chemicals firm Covestro for 14.7 billion euros ($16.4 billion).
German Chemicals Sector Shows Strain of Red Sea Supply Crisis - U.S. News
WEBJan 22, 2024 · FRANKFURT (Reuters) -Germany's chemicals sector, Europe's largest, is starting to feel the pinch from delayed shipments via the Red Sea, becoming the latest industry to warn of supply...
Adnoc’s cash has good chemistry with struggling German industry
WEB1 day ago · Troubled German peer BASF is trading on 7.5 times according to S&P Capital IQ. True, Covestro is selling out somewhere near the bottom of a long chemicals downcycle.
Adnoc to acquire German chemicals giant Covestro for €15.9bn
WEB1 day ago · THE Abu Dhabi National Oil Company (Adnoc) is set for a €15.9bn (US$18bn) takeover of German chemicals company Covestro. Adnoc has been in negotiations to buy Covestro since November, with initial talks pricing the deal at …
ADNOC seals $13b takeover of German plastic-maker Covestro
WEB1 day ago · Covestro would become the foundational platform for ADNOC's performance materials and specialty chemicals business and will further drive diversification of ADNOC's chemical portfolio.