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...

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