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UAE's ADNOC to buy German chemicals firm Covestro
ADNOC confirms deal to buy Germany’s Covestro in €15.9B deal
Abu Dhabi's ADNOC said Tuesday it agreed to acquire German chemicals producer Covestro (OTCPK:CVVTF) (OTCPK:COVTY) for €15.9B (~$18B) including debt, finally bringing an end to more than a year of talks.
Abu Dhabi's ADNOC to buy German chemicals firm Covestro for $16 billion
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 deal is one of th
UAE’s Adnoc Buys Germany’s Covestro for $13 Billion
Abu Dhabi National Oil Co., or
Adnoc
, agreed Tuesday to the tie-up, bringing an end to more than a year of talks that had been extended by protracted negotiations over price, job protections for Covestro employees and other matters.
Yahoo Finance
2h
ADNOC Drilling forms JV to accelerate unconventional oil and gas development
ADNOC
Drilling, a subsidiary of Abu Dhabi National Oil Company (
ADNOC
), has established a JV named Turnwell with SLB and ...
Opinion
2h
Opinion
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 ...
51m
Adnoc International to acquire Covestro AG
Adnoc International announced an agreement to acquire Covestro AG, whose North American headquarters are in Pittsburgh.
gulftoday
2h
Adnoc International announces voluntary public takeover for ‘Covestro’
ADNOC today announced that ADNOC International Limited (ADNOC International), has entered into an investment agreement with ...
22h
SLB Teams Up With ADNOC Drilling Co., Patterson-UTI To Create JV In UAE
(RTTNews) - Schlumberger Ltd. (SLB), Monday announced an agreement with Abu Dhabi-based ADNOC Drilling Co., and Texas-based Patterson-UTI to create Turnwell Industries LLC OPC to accelerate UAE's ...
africabusinesscommunities.com
3d
ADNOC signs heads of agreement with IndianOil for Ruwais LNG Project
ADNOC announced today the signing of a long-term Heads of Agreement (LNG agreement) with Indian Oil Corporation Ltd ...
Upstream
5d
Adnoc reaches crucial milestone at $17 billion offshore megaproject
Hail & Ghasha is part of Abu Dhabi’s Ghasha Concession, which is set to produce more than 1.5 Bcfd of gas by 2030 ...
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Related topics
Covestro
Abu Dhabi National Oil Company
German chemicals
United Arab Emirates
Turnwell
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