ADNOC writes a new history… a historic acquisition of… "Covestro"

ADNOC writes a new history… a historic acquisition of… "Covestro"


“ADNOC International”, a subsidiary of the UAE company “ADNOC”, concluded an investment agreement with the German company “Covestro AG” (Covestro), and presented to its shareholders a “voluntary general takeover” offer for 254 dirhams (62 euros) per share, or the equivalent of about 13 billion dollars. This will be the largest acquisition by a Middle Eastern company of a European company.

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