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4 days ago · Germany's Covestro said on Monday it was stepping up talks with ADNOC (ADNOC.UL) after the Emirati energy company made an improved 11.7 billion euro ($12.5 billion) takeover bid following more ...
5 days ago · The company has adjusted its full year guidance for 2022, citing a number of factors. German chemicals firm Covestro is giving ADNOC access to its books and stepping up talks based on an improved ...
1 day ago · ADNOC’s strategic interest in Covestro is aligned with its broader vision of becoming a leading international energy company. As part of its $150 billion capital expenditure plan from 2023 to 2027, ADNOC aims to increase its crude oil production capacity to 5 million barrels per day by 2027. Additionally, ADNOC is focusing on expanding its ...
4 days ago · Covestro AG said it’s entering concrete negotiations with suitor Abu Dhabi National Oil Co. on a potential takeover that could value the German chemical company at about €11.7 billion ($12.5 ...
4 days ago · The year-long efforts of Abu Dhabi National Oil Company (ADNOC) to acquire German chemicals firm Covestro moved a step closer to a successful conclusion after Covestro said on Monday it had ...
5 days ago · But Covestro’s share price peaked in 2018 at €95 and had fallen to under €40 before Adnoc started its pursuit. Since then it has risen to €53.86, its Monday close. More recently the German ...
Jun 11, 2024 · Covestro AG is close to granting Abu Dhabi National Oil Co. access to in-depth due diligence in expectation of an improved takeover bid, according to people familiar with the matter, signaling fresh impetus for the talks between both parties after negotiations have been dragging on for a year.
