Abu Dhabi state oil giant ADNOC's 14.7 billion euro ($17.2 billion) bid for German chemicals company Covestro may face ...

By Bartosz Dabrowski and Patricia Weiss (Reuters) -German chemicals maker Covestro missed second-quarter sales expectations ...

The European Commission cited concerns that foreign subsidies from the United Arab Emirates could distort the European market ...

A negative EU ruling could chill Gulf investment in Europe and affect ADNOC’s broader energy partnerships, including green hydrogen and ammonia projects.

Regulators said the probe stemmed from concerns that state support for ADNOC could distort competition in the bloc’s market.

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.

ADNOC will launch a 62 euros-per-share voluntary public takeover that implies an equity value for Covestro of around 11.7 billion euros and represents a premium of around 54% to Covestro's closing ...

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 ...

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 (United ...

An oil producer from the United Arab Emirates has clinched a $13 billion-plus deal for Germany’s Covestro 1COV -0.46% —a big bet on chemicals as part of its effort to transform into a fully ...

That implies a replacement cost value for Covestro that is closer to 70 EUR per share. Sixty-two euros is a good deal for ADNOC, but also offers a good spread for speculators.

An oil producer from the United Arab Emirates is finally set to clinch a $13 billion-plus deal for Germany’s Covestro 1COV -0.53% —a big bet on chemicals as part of its effort to transform ...