Adnoc to Buy Covestro for €12 Billion in Its Biggest Deal - Yahoo …
WEB7 hours ago · Eyk Henning, Dinesh Nair and Anthony Di Paola. (Bloomberg) -- Abu Dhabi National Oil Co. has reached a deal to buy chemical producer Covestro AG for about €11.7 billion ($13 billion), in what ...
ADNOC makes new $13b takeover bid for German giant Covestro
WEB6 hours ago · German chemicals group Covestro separately confirmed Tuesday it had accepted a takeover bid from ADNOC, valuing the plastics-maker at 12 billion euros ($13.3 billion). This landmark agreement ...
UAE’s Oil Giant ADNOC to Buy Chemicals Firm Covestro in $16 …
WEB5 hours ago · The purchase price implies an equity value for Covestro of around $13 billion (11.7 billion euros) and represents a premium of about 54% to the unaffected closing price on June 19, 2023, the day ...
ADNOC nears $13 billion deal to buy Germany's Covestro, WSJ …
WEB21 hours ago · Sept 30 (Reuters) - Abu Dhabi National Oil Company (ADNOC) is likely to announce a $13 billion-plus deal for Germany's Covestro (1COV.DE) as soon as this week unless an unexpected snag emerges ...
Adnoc to acquire Germany’s Covestro for $16 billion to become …
WEB6 hours ago · An Adnoc subsidiary has agreed to buy German chemicals maker Covestro for an enterprise value of €14.7 billion ($16.34 billion) as the Abu Dhabi-based energy company grows to become a major player in the chemicals industry. Adnoc International will offer Covestro shareholders cash consideration of €62 per share, which represents a …
Adnoc agrees to buy Germany’s Covestro in €14.7bn deal
WEB8 hours ago · Abu Dhabi’s national oil company has agreed a €14.7bn deal to buy German chemicals group Covestro in one of the largest European takeovers this year. Adnoc, which has been pursuing Covestro ...
Adnoc Said to Seal €12 Billion Deal for Chemical Firm Covestro
WEB9 hours ago · Abu Dhabi National Oil Co.has reached a deal to buy chemical producer Covestro AGfor about €11.7 billion ($13 billion), in what’s set to be the biggest Middle Eastern acquisition of a European ...
Adnoc Said to Seal €12 Billion Deal for Chemical Firm Covestro
WEB8 hours ago · Adnoc had largely completed its due diligence by late August, people with knowledge of the matter said at the time. The price represents about an 11% premium to Monday’s closing price as well as a 54% premium to Covestro’s closing price on June 19, 2023, the last full trading day before Bloomberg News revealed Adnoc’s initial approach.
Abu Dhabi’s ADNOC to acquire German chemicals firm Covestro …
WEB7 hours ago · The company has adjusted its full year guidance for 2022, citing a number of factors. Abu Dhabi's state-owned oil firm ADNOC on Tuesday said it has agreed to buy German chemicals firm Covestro for ...
Adnoc to Buy Germany’s Covestro for $13 Billion - WSJ
WEB8 hours ago · Adnoc and Covestro 1COV 1.86% agreed on a tie-up valuing the chemicals maker at $13.05 billion in a deal that will help the Abu Dhabi energy giant diversify its portfolio beyond its core oil ...