UAE's Adnoc nears $13 billion deal to buy Germany's Covestro, …
WEB19 hours ago · United Arab Emirates's Abu Dhabi National Oil Co is likely to announce a $13 billion-plus deal for Germany's Covestro as soon as this week unless an unexpected snag emerges, the Wall Street...
UAE’s Adnoc Nears $13 Billion Deal to Buy Germany’s Covestro
WEBA n oil producer from the United Arab Emirates is finally set to clinch a $13 billion-plus deal for Germany’s Covestro—a big bet on chemicals as part of its effort to transform into a fully ...
Adnoc Finishes Due Diligence on €12 Billion Covestro Deal
WEBAug 28, 2024 · Abu Dhabi National Oil Co. has largely completed due diligence on its planned bid for German chemical company Covestro AG, paving the way for the state-owned energy firm’s biggest-ever deal ...
Covestro opens door to ADNOC deal after it raises bid to $12.5 bln
WEBFRANKFURT, June 24 (Reuters) - Germany's Covestro (1COV.DE) said on Monday it was stepping up talks with ADNOC (ADNOC.UL) after the Emirati energy company made an improved 11.7 billion euro...
Adnoc’s long Covestro chase set to achieve Europe’s largest …
WEBJun 24, 2024 · Adnoc’s long Covestro chase set to achieve Europe’s largest takeover of year. UAE oil company’s lengthy courtship and sweetened €14.4bn bid key to overcoming German chemical group’s...
Adnoc Said Close to Due Diligence on $12 Billion Covestro Deal
WEBJun 11, 2024 · Covestro AG is close to granting Abu Dhabi National Oil Co. access to in-depth due diligence in expectation of an improved takeover bid, according to people familiar with the matter, signaling ...
Adnoc nears €14.4bn takeover of Covestro - Financial Times
WEBJun 24, 2024 · The Abu Dhabi National Oil Company is nearing a €14.4bn agreement to take over the German chemicals group Covestro, setting up the Gulf state-owned energy producer to expand its overseas...
Adnoc Said Prepared to Boost Covestro Bid to Nearly €12 Billion
WEBJun 24, 2024 · Abu Dhabi National Oil Co. has formally told Covestro AG it’s prepared to boost its takeover bid for the German chemical company to about €11.7 billion ($12.5 billion), moving a step closer to what could be the energy giant’s biggest-ever deal, people with knowledge of the matter said.
Abu Dhabi's ADNOC in almost $11 billion approach for Covestro
WEBJune 20 (Reuters) - Abu Dhabi National Oil Company (ADNOC) has approached German plastics and chemicals maker Covestro AG (1COV.DE) with a takeover proposal worth more than 10 billion euros...
Adnoc Said Close to Due Diligence on $12 Billion Covestro Deal
WEBJun 11, 2024 · Adnoc first informed Covestro’s management about its takeover interest mid-last year and subsequently improved its initial, non-binding offer of €55 per share to €57 and then to €60 per share, Bloomberg News has reported.