ADNOC, which pumps nearly all the oil in OPEC’s major producer the United Arab Emirates (UAE), has been looking to buy into ...

German chemicals group Covestro said Tuesday it had accepted a takeover bid from UAE state energy company ADNOC, as one of the key sectors in Europe's largest economy is gripped by crisis.

The deal could have big implications in the Pittsburgh region, where the company's North American headquarters are located. Covestro AG, the Bayer spinout and plastics manufacturer whose North ...

Phil Karig said that with Adnoc agreeing to support Covestro's sustainability strategy and to retain several board members independent of Adnoc, Covestro "would receive some beneficial future ...

The takeover will value the German company at €62 per share and hinges on the Abu Dhabi oil producer receiving at least 50% plus one share in its tender offer, Adnoc and Covestro said.

Plastics-maker seperately confirmed accepting new 62 euro/share takeover bid from ADNOC The Covestro acquisition will aid ADNOC's goal to be a top five global chemicals player Image Credit ...

Adnoc on Tuesday announced that Adnoc International Limited (Adnoc International), has entered into an investment agreement with Covestro AG (Covestro), one of the world’s leading chemical players, ...

Abu Dhabi National Oil Company (Adnoc) has awarded a sizeable engineering, procurement and construction (EPC) deal to a leading Middle East-based contractor, for further development work on the ...

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 state oil giant ADNOC said on Tuesday that it has agreed to buy German chemicals producer Covestro for $18bn (EUR15.9bn), including debt, sending Covestro shares up 4 per cent in early ...

Energy storage company VTTI BV, backed by Abu Dhabi’s main oil company and Vitol Group, is looking to invest in LNG import terminals in Asia as demand for the fuel increases in the region.