News
20 December 2024

Covestro shareholders accept XRG's $15bn takeover offer

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

XRG, the international investments arm of ADNOC, will become the majority owner of Covestro after shareholders in the German chemicals maker approved a takeover offer.The deal is the largest recorded foreign acquisition by a Gulf company, as the hydrocarbon-rich region seeks to accelerate...

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