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ADNOC nears $13B deal to buy Covestro
ADNOC confirms deal to buy Germany’s Covestro in €15.9B deal
Abu Dhabi's ADNOC said Tuesday it agreed to acquire German chemicals producer Covestro (OTCPK:CVVTF) (OTCPK:COVTY) for €15.9B (~$18B) including debt, finally bringing an end to more than a year of talks.
Abu Dhabi's ADNOC to buy German chemicals firm Covestro for $16 billion
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. The deal is one of th
Adnoc to Buy Covestro for €12 Billion in Its Biggest Deal
Abu Dhabi National Oil Co. has 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.
20m
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 ...
Opinion
2h
Opinion
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 ...
gasworld
2h
Covestro set for $16.4bn ADNOC takeover
ADNOC International Germany Holding has filed a $16.4bn takeover offer for leading chemicals firm Covestro.
gulftoday
2h
Adnoc International announces voluntary public takeover for ‘Covestro’
ADNOC today announced that ADNOC International Limited (ADNOC International), has entered into an investment agreement with ...
18h
Covestro Stock Rises After Deal News
An oil producer from the United Arab Emirates is set to clinch a $13 billion-plus deal for Germany’s Covestro, pushing ADRs ...
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