OilPrice
Abu Dhabi’s national oil company ADNOC is expected to soon make a formal offer to buy Germany’s chemicals giant Covestro for $15.9 billion (14.4 billion euros) including debt, the Financial Times reported on Wednesday, citing sources with knowledge of the plan. ADNOC, which pumps nearly all the oil in OPEC’s major producer the United Arab Emirates (UAE…
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Oil Giant ADNOC Set to Make Formal $16-Billion Offer for Covestro
Raleigh Culton
15:23
Abu Dhabi’s national oil company ADNOC is expected to soon make a formal offer to buy Germany’s chemicals giant Covestro for $15.9 billion (14.4 billion euros) including debt, the Financial Times reported on Wednesday, citing sources with knowledge of the plan. ADNOC, which pumps nearly all the oil in OPEC’s major producer the United Arab
