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.

The European Commission has launched an in-depth investigation into Abu Dhabi's state-owned oil giant Adnoc's planned €11.7 ...

ADNOC made an informal offer of 57 euros per share in July. Covestro confirmed in September that it had entered into "open-ended discussions" with the suitor over a takeover approach.

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.

Representatives for Adnoc and Covestro declined to comment. Adnoc has been pursuing Covestro since the middle of last year, part of the Abu Dhabi company’s push to diversify internationally.

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 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.