Abu Dhabi targets largest-ever foreign takeover with €14.7bn offer for Germany’s Covestro
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 since last year, has offered €62 per share for the German company. It will also inject €1.17bn of new money into the chemicals group.
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.
A joint venture comprising Abu Dhabi National Oil Company subsidiary Adnoc Drilling, US-based SLB and Patterson-UTI ...
Petronas was also in the news earlier today as Mitsubishi Corp. announced plans to expand its investment in Malaysia's ...
( MENAFN - Khaleej Times) Abu Dhabi's Supreme Council for financial and Economic Affairs (SCFEA) has granted a new oil and ...
Turnwell is drilling the 144 wells as part of a $1.7 billion contract that was earlier awarded by Adnoc to its subsidiary ...
The Onshore Block 2 concession covers an area of 7,320 square kilometres, with PETRONAS holding 100 per cent of the ...
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