Abu Dhabi targets largest-ever foreign takeover with €14.7bn offer for Germany’s Covestro
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, has offered €62 per share for the German company. It will also inject €1.17bn of new money into the chemicals group.
Covestro AG, the Bayer spinout and plastics manufacturer whose North American headquarters is in Pittsburgh, is poised to be ...
Abu Dhabi National Oil Co. reached a deal to buy chemical producer Covestro AG for about €11.7 billion ($13 billion), in what ...
An oil producer from the United Arab Emirates is set to clinch a $13 billion-plus deal for Germany’s Covestro, pushing ADRs ...
Following a year of negotiations, Abu Dhabi’s oil company ADNOC has agreed to buy Germany’s chemicals giant Covestro in a ...
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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