Abu Dhabi’s ADNOC targets giant $16bn takeover of Germany’s Covestro
The Abu Dhabi National Oil Company (ADNOC) has launched a $16bn takeover bid for German chemical giant Covestro. The move to acquire a German industrial powerhouse would be a record purchase for the Abu Dhabi company and a long-term investment in its industrial and chemical future.
Abu Dhabi now manages the largest sovereign wealth fund (SWF) capital globally with an astounding $1.7 trillion in assets, as ...
Abu Dhabi's state oil firm ADNOC announced it will buy German firm Covestro in a 14.7 billion-euro deal ($16.4 billion).
Operator notified the FEED contractors that it would not be proceeding with expansion of the Das Island LNG export facility ...
Abu Dhabi's ADNOC has agreed to buy German chemicals producer Covestro for 15.9 billion euros ($18 billion) including debt, ...
Abu Dhabi National Oil Co. reached a deal to buy chemical producer Covestro AG for about €11.7 billion ($13 billion), in what ...
Hail & Ghasha is part of Abu Dhabi’s Ghasha Concession, which is set to produce more than 1.5 Bcfd of gas by 2030 ...
ADNOC Logistics and Services (ADNOC L&S) has approved a cash dividend of 501.3 million UAE dirhams ($136.5 million) for the first half of 2024 for its shareholders, equivalent to 6.78 fils per share.
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