Posts tagged: Adnoc
Friday, 8 September 2023, 2:26 pm
It's been a while since the German media published a twist on the Covestro takeover talks with the Abu Dhabi National Oil Company.
But arch rivals at Bloomberg have just come up with the latest line about the supervisory board conveening to debate whether to allow the German business should entertain formal talks with ADNOC. Below is a link to the Bloomie tale:..
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Wednesday, 23 August 2023, 3:46 pm
Adnoc's EURO 11 billion plus tilt at German chemicals company Covestro is starting to feel a lot like the big ticket summer football (soccer) player transfers you read about on the back pages of newspapers.
According to German rag Handelsblatt, Covestro's board is now holding out for a formal offer of EURO 70 a share before it's willing to enter into official negotations with the Abu Dhabi-based oil group...
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Tuesday, 25 July 2023, 7:23 pm
The Covestro takeover situation rumbles on and the latest twist comes courtesy of German rag (and website) Frankfurter Allgemeine.
According to the newspaper, German chemicals company Covestro has appointed bankers from Goldman Sachs to deal with the inbound takeover interest from the Abu Dhabi National Oil Company (Adnoc)...
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Tuesday, 18 July 2023, 5:01 pm
I see arch rivals at Bloomberg have once again scooped little old Betaville on the Covestro takeover tale.
This website was chasing a line all last week about the Abu Dhabi National Oil (Adnoc) company looking to increase its offer for Covestro, the German chemicals company...
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Tuesday, 20 June 2023, 1:41 pm
There is some big merger & acquisition news breaking across in the (European) continent right now.
Adnoc, the Abu Dhabi-backed energy company, has made a takeover approach for German chemicals giant Covestro, according to Bloomberg.
I would provide the link but Bloomberg hasn't made it available, yet...
UPDATE: Below is a link to the Bloomberg piece that has been picked up by the Financial Post:..
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