ADNOC seals $13b takeover of German plastic-maker Covestro
WEB1 day ago · Abu Dhabi: ADNOC sealed an investment deal with Covestro after launching a cash takeover offer of Dh254 (62 euros) per share to all its shareholders. Covestro separately confirmed it had...
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.
Adnoc to Buy Covestro for €12 Billion in Its Biggest Deal
WEB1 day ago · Abu 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 acquisition of a European firm.
Adnoc to Buy Covestro for €12 Billion in Its Biggest Deal - Yahoo …
WEB1 day ago · Adnoc and Covestro said 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 agrees to buy Germany’s Covestro in €14.7bn deal
WEB1 day ago · 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...
Abu Dhabi's ADNOC to buy Covestro for $16.4 billion - CNBC
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).
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 to buy Covestro for $16.3 billion - Chemical & Engineering News
WEB1 day ago · Following negotiations that lasted more than a year, Abu Dhabi National Oil Company (ADNOC) has agreed to acquire the German plastics producer Covestro for $16.3 billion. Covestro recorded sales of about $15.9 billion in 2023. Its main products are polycarbonates and precursors for polyurethane such as toluene diisocyanate.
Covestro opens door to ADNOC deal after it raises bid to $12.5 bln
WEBFRANKFURT, June 24 (Reuters) - Germany's Covestro (1COV.DE) said on Monday it was stepping up talks with ADNOC (ADNOC.UL) after the Emirati energy company made an improved 11.7 billion euro...
Adnoc’s long Covestro chase set to achieve Europe’s largest …
WEBJun 24, 2024 · Adnoc’s long Covestro chase set to achieve Europe’s largest takeover of year. UAE oil company’s lengthy courtship and sweetened €14.4bn bid key to overcoming German chemical group’s...
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