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
13 March 2026

TXF Export Finance Perfect 10: Bigger, bolder and greener

What TXF's 2025's award-winning export financings say about the state of the market in 2025. It was a year when all of the promise of the ECA-backed market - in size, ambition...

Video
16 March 2026

EIFO’s CEO travels from professional pessimist to reluctant...

Is the Danish export credit agency punching under its weight? EIFO CEO Peder Lundquist discusses how the ECA is evolving its unique model post-merger, upping its emphasis on...