Adnoc to acquire German chemicals company Covestro
Covestro and Adnoc strike a €11.7 billion deal to foster sustainable growth and green transformation, with a focus on preserving Covestro's corporate structure
Covestro AG has entered into an investment agreement with entities of the ADNOC Group, including ADNOC International Limited and its subsidiary, ADNOC International Germany Holding AG. Under the agreement, ADNOC International Germany Holding AG is set to make a public takeover offer for all outstanding shares of Covestro at €62 ($69.1) per share.
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