News
02 October 2024

ADNOC to buy German chemicals firm Covestro for $16bn

In:
Chemicals/Petrochemicals
Region:
Middle East & Africa, Europe

ADNOC is buying German chemicals maker Covestro for €14.7 billion ($16.3 billion), including debt, in the energy giant's biggest ever acquisition.The deal is one of the largest foreign takeovers by a Gulf state as countries in the region seek to reduce their dependence on oil amid the...

Exclusive subscriber content…

If you are a TXF subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to TXF Intelligence contact us

Request Access

You might also like


Perspective
30 July 2026

Delfin FLNG: Next-level floating liquefaction

Delfin Midstream has assembled more than $5bn of strategic equity, bank debt, private credit and secured notes for the first offshore floating LNG export facility in the US....

Interview
03 August 2026

Africa export finance fires on all cylinders with Citi’s...

Richard Hodder, head of export finance at Citi, outlines Citi’s Africa export finance strategy, discusses the evolution of ECA shopping lines in Europe and changes at US Exim....