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.

At closing of the takeover, Covestro stands to receive a multi-billion-euro capital increase. For chief financial officer ...

Abu Dhabi National Oil Company (ADNOC) is moving closer to its acquisition of Germany-based Covestro AG (DE:1COV). According to the Financial Times, ADNOC is expected to make its formal offer for ...

The acquisition, announced in fall 2024, calls for an $18 billion purchase price that includes $68-a-share and an investment ...

One market analyst sees several benefits to Abu Dhabi National Oil Co.'s $13 billion proposal to buy materials giant Covestro AG. Phil Karig said that with Adnoc agreeing to support Covestro's ...

Covestro entered concrete negotiations with suitor ADNOC on a potential takeover that could value the German chemical company at about $12.5 billion. Image by Marco Curaba via iStock Covestro AG said ...

Covestro AG has entered into "concrete negotiations" that could result in the German materials firm being acquired by Abu Dhabi National Oil Co. (ADNOC). Covestro also announced cost cutting measures, ...

The year-long efforts of Abu Dhabi National Oil Company (ADNOC) to acquire German chemicals firm Covestro moved a step closer to a successful conclusion after Covestro said on Monday it had decided to ...

ADNOC is going through a due diligence process that could result in them committing to buying Covestro. There is a deal spread that speculators could make. Performance is pressured by deflation in ...

Covestro AG (Leverkusen, Germany), a manufacturer of high-quality polymer materials and their components, has signed an investment agreement with the Abu Dhabi National Oil Co. (ADNOC) Group (United ...

Adnoc is working with a consulting firm that’s sent dozens of questions to Covestro about the details of its operations, according to the people. The responses could give the Abu Dhabi-based energy ...

Feb 2 (Reuters) - Talks between Covestro 1COV.DE and Abu Dhabi National Oil Co (ADNOC) regarding a takeover of the German plastics and chemicals maker have stalled, with both sides being far from a ...