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EU Launches Investigation Into Adnoc’s $13.7 Billion Acquisition of Covestro
The European Commission cited concerns that foreign subsidies from the United Arab Emirates could distort the European market ...
Bloomberg L.P.1y
Adnoc to Progress in Covestro Talks Ahead of Potential Bump
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.
Reuters9mon
Covestro likely to recommend ADNOC takeover offer, trims 2024 profit ...
Covestro said on Tuesday its management board is likely to recommend Abu Dhabi National Oil Company's (ADNOC) $16.3 billion takeover offer to shareholders in the next few weeks, as the German ...
CompositesWorld10mon
Covestro signs investment agreement with ADNOC
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 ...
Bloomberg L.P.10mon
Adnoc to Buy Covestro for €12 Billion in Its Biggest Deal
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.
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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 ...