UAE Oil Giant’s $13 Billion Wager on Riding Out the Energy Shift
WEB16 hours ago · Abu Dhabi National Oil Co. offered nearly $13 billion to buy Germany’s Covestro AG in what’s set to be the largest Middle Eastern acquisition of a European firm. The takeover would give the ...
Press Releases - ADNOC
WEBSep 4, 2024 · Find out the latest news and updates from ADNOC, one of the world's leading oil and gas companies. Read about its strategic partnerships, projects, initiatives and achievements in the UAE and beyond.
Abu Dhabi's ADNOC to buy German chemicals firm Covestro for …
WEB1 day ago · Item 1 of 4 A robotic fueling arm pilot is picutred at Abu Dhabi National Oil Company (ADNOC) in a demonstration during a media tour in Abu Dhabi, United Arab Emirates, May 27, 2024.
UAE oil giant ADNOC swoops on German chemicals firm Covestro
WEB1 day ago · Under the terms of the agreement, valid until the end of 2028, the Abu Dhabi National Oil Company (ADNOC) will make an offer for all remaining Covestro stock at a price of 62 euros per share.
Abu Dhabi targets largest-ever foreign takeover with €14.7bn …
WEBThe United Arab Emirates has launched the largest takeover deal in its history after Abu Dhabi’s state oil company on Tuesday made a €14.7bn offer for the German chemicals …
Abu Dhabi’s ADNOC targets giant $16bn takeover of Germany’s …
WEB1 day ago · The Abu Dhabi National Oil Company (ADNOC) has launched a $16bn takeover bid for German chemical giant Covestro. The move to acquire a German industrial powerhouse would be a record purchase for the Abu Dhabi company and a long-term investment in its industrial and chemical future. ADNOC today ...
Adnoc to Buy Covestro for €12 Billion in Its Biggest Deal
WEBAbu 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 …
Adnoc to Buy Covestro for €12 Billion in Its Biggest Deal - Yahoo …
WEB1 day ago · The takeover will value the German company at €62 per share and hinges on the Abu Dhabi oil producer receiving at least 50% plus one share in its tender offer, Adnoc and Covestro said. The deal would be Adnoc’s largest acquisition and give it control over a strategic European industrial company with roots going back to the 19th century.
ADNOC nears $13 billion deal to buy Germany's Covestro, WSJ …
WEB2 days ago · Abu Dhabi National Oil Company (ADNOC) is likely to announce a $13 billion-plus deal for Germany's Covestro as soon as this week unless an unexpected snag emerges, the Wall Street Journal reported ...
UAE: Adnoc to buy German chemicals company Covestro for …
WEB1 day ago · Adnoc took a 24.9% stake in OMV from Abu Dhabi sovereign fund Mubadala in February. Covestro, which makes plastics and chemicals for the automotive, construction and engineering sectors, was ...