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ADNOC, Covestro

Abu Dhabi's ADNOC to buy German chemicals firm Covestro for $16 bln

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 Wall Street Journal on MSN · 1d

UAE’s Adnoc Buys Germany’s Covestro for $13 Billion

The tie-up is part of the oil producer’s big bet on chemicals, as it tries to transform into a fully integrated energy company.

Bloomberg L.P. · 2d

Adnoc to Buy Covestro for €12 Billion in Its Biggest Deal

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.

1don MSN

Abu Dhabi's ADNOC to acquire German chemicals firm Covestro for $16.4 billion

Abu Dhabi's state oil firm ADNOC announced it will buy German firm Covestro in a 14.7 billion-euro deal ($16.4 billion).

15h

Adnoc International to acquire Covestro AG

Covestro AG, the Bayer spinout and plastics manufacturer whose North American headquarters is in Pittsburgh, is poised to be ...

1dOpinion

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 ...

Wall Street Journal2d

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 ...

19h

ADNOC’s still on the hunt after $13 billion acquisition

The UAE’s national oil company agreed to buy Germany’s Covestro for about $13 billion, marking the biggest deal ever for ...

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