THE Abu Dhabi National Oil Company (Adnoc) is set for a €15.9bn (US$18bn) takeover of German chemicals company Covestro.

German chemicals group Covestro said Tuesday it had accepted a takeover bid from the United Arab Emirates state energy company ADNOC, valuing the plastics-maker at 12 billion euros ($13.3 billion).

Adnoc submits takeover bid; German giant valued at EUR 11.7 bn / “Financially strong and long-term oriented partner” – CEO Steilemann © 2001-2024 Plasteurope.com | Imprint | Privacy | Cookie settings ...

Abu Dhabi's state-owned oil firm, ADNOC, has agreed to acquire German chemical giant Covestro for €14.7 billion ($16.4 ...

His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive ...

A flurry of big-ticket German acquisitions over the past few weeks has taken deal volumes to nearly $100 billion, outpacing ...

Adnoc International announced an agreement to acquire Covestro AG, whose North American headquarters are in Pittsburgh.