#Covestro

Covestro weighs ADNOC’s takeover offer, cuts profit target

Covestro likely to recommend ADNOC takeover offer, trims profit target

ADNOC said early this month it had struck a deal to buy Covestro for $16.3bn, including debt, the energy giant’s biggest-ever acquisition

ADNOC to buy German chemicals firm Covestro for $18bn

ADNOC to buy German chemicals firm Covestro for $18bn

The deal marks a cornerstone for ADNOC’s plans to grow its petrochemicals business along with gas and renewable energy

ADNOC Group to acquire Covestro for about $15.9bn: FT reports

ADNOC to acquire Covestro for about $15.9bn: FT reports

Covestro said in June it was stepping up talks with ADNOC after the UAE’s national energy company made an improved takeover bid

ADNOC

Covestro says ADNOC deal closer as ‘talks continue in a constructive manner’

Covestro said in June it was stepping up talks with ADNOC after the UAE’s national energy company made an improved takeover bid

UAE EU trade talks Middle east

Europe welcomes Middle East money but some deals face headwinds

Investors from the Middle East bring cash and expertise to such projects

ADNOC

ADNOC’s expansion into Europe: 7 landmark deals diversifying its energy operations

ADNOC is striking strategic deals across Europe, as it seeks to diversify, its upstream and downstream operations

ADNOC revives bid to buy Germany’s Covestro, this time with $12bn offer

ADNOC’s initial informal offer to Covestro was reported in June 2023, but it wasn’t until September last year that the German company entered into open-ended formal discussions