Abu Dhabi Oil Giant Acquires German Chemical Firm in Major $13B Deal

The Abu Dhabi National Oil Company (Adnoc) has agreed to purchase German petrochemical firm Covestro for $13 billion. This deal marks one of Europe’s largest acquisitions in 2024. Adnoc will launch a public offer for Covestro shares, paying €62 per share. The offer represents a 21% premium over Covestro’s closing price on June 23, before […]

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