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The European Commission cited concerns that foreign subsidies from the United Arab Emirates could distort the European market ...
Abu Dhabi National Oil Co. reached a deal to buy chemical producer Covestro AG for about €11.7 billion ($13 billion), in what’s set to be the biggest Middle Eastern acquisition of a European firm.
Covestro is a leading specialty chemicals producer in Germany, facing challenges due to declining commodity prices and high energy costs. The company is in talks with ADNOC for a potential ...
Covestro AG (Leverkusen, Germany), a manufacturer of high-quality polymer materials and their components, has signed an investment agreement with the Abu Dhabi National Oil Co. (ADNOC) Group ...
Representatives for Adnoc and Covestro declined to comment. Adnoc has been pursuing Covestro since the middle of last year, part of the Abu Dhabi company’s push to diversify internationally.
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EU probes UAE oil giant’s purchase of Germany’s Covestro
Plastics maker Covestro accepted a bid – valuing the company at €12 billion – from the Abu Dhabi National Oil Company in ...
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