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ADNOC to buy German chemical company Covestro in $12.9bn deal

Abu Dhabi National Oil Company (ADNOC), through its subsidiary ADNOC International, has signed an agreement to acquire German chemical manufacturer Covestro for €11.7bn (Dh47.43bn). The acquisition terms include a public takeover offer for all outstanding shares of Covestro at €62 per share.

Law · 19h

Linklaters, Freshfields Advise on ADNOC's $16B Covestro Deal

Linklaters and Freshfields Bruckhaus Deringer are key advisers on a $16.3 billion deal involving Abu Dhabi National Oil Company's (ADNOC's) acquisition of German chemical giant Covestro.

Invezz · 2d

ADNOC to acquire Covestro for $16.4 billion, expanding global chemical footprint

Abu Dhabi's state-owned oil firm, ADNOC, has agreed to acquire German chemical giant Covestro for €14.7 billion ($16.4 billion), marking a significant move in ADNOC's international growth strategy.

EuropaWire17h

Covestro Signs Investment Agreement with ADNOC, Supporting €62.00 Takeover Offer for Shareholders

Covestro AG has signed an Investment Agreement with ADNOC International Germany Holding AG, which supports ADNOC's public ...

ADNOC seals $13b takeover of German plastic-maker Covestro

Abu Dhabi: ADNOC sealed an investment deal with Covestro after launching a cash takeover offer of Dh254 (62 euros) per share ...

News Highlights: Top Energy News of the Day - Friday at 12 AM ET

Oil futures finished higher for a third straight session on Thursday, prompting prices to turn higher for the year, as traders awaited Israel's response to a missile barrage earlier this week by Iran ...

EuropaWire16h

Tag Archives: ADNOC International

Covestro AG has signed an Investment Agreement with ADNOC International Germany Holding AG, which supports ADNOC’s public takeover offer for all Covestro shares at €62.00 each, valuing the company at ...

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