Trade Arabia38m
ADX logs 15 large deals on Adnoc Gas, Modon worth $735m
The Abu Dhabi Securities Exchange (ADX) announced today (October 2) the execution of 15 large direct deals involving shares ...
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 ...
Crude Oil Prices1d
UAE’s Oil Giant ADNOC to Buy Chemicals Firm Covestro in $16-Billion Deal
Following a year of negotiations, Abu Dhabi’s oil company ADNOC has agreed to buy Germany’s chemicals giant Covestro in a ...
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 ...
Rubber World10h
Covestro agrees to public take over by ADNOC Group for €62 per share
Covestro AG signed an Investment Agreement with certain entities of the ADNOC Group, including ADNOC International Limited (“ADNOC International”) and its subsidiary, ADNOC International Germany ...
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’s cash has good chemistry with struggling German industry
That is one way to read Abu Dhabi National Oil Company’s €14.7bn swoop on Germany’s Covestro. The chemicals group, which was spun out of Bayer in 2015, has recommended the offer after a protracted ...