German chemicals maker Covestro missed second-quarter sales expectations on Thursday as U.S. trade policies weighed on prices ...

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

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

The preliminary investigation indicates that ADNOC and Covestro may receive foreign subsidies distorting the EU internal ...

Abu Dhabi National Oil Company (ADNOC), through its subsidiary ADNOC International, has signed an agreement to acquire German chemical manufacturer Covestro for €11.7bn (Dh47.43bn).

Covestro stated at that time that both companies were aligned on key aspects of a potential transaction, including support for Covestro’s future growth prospects.In June, ADNOC increased its ...

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 ...

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 ...

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 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 ...

Abu Dhabi National Oil Co. indicated it’s prepared to boost its informal offer for Covestro AG to about €11.6 billion ($12.7 billion) on the condition the German chemicals group agrees to ...