Abu Dhabi’s ADNOC targets giant $16bn takeover of Germany’s Covestro
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.
Abu Dhabi’s state energy company is making its biggest global move yet by acquiring a key chemical-maker in Europe’s ...
Abu Dhabi National Oil Co. reached a deal to buy chemical producer Covestro AG for about €11.7 billion ($13 billion), in what ...
The project would provide artificial lifts to multiple wells for the project’s second phase, aimed at boosting the oil output ...
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