UAE oil giant ADNOC to buy German chemicals firm for 12 billion euros

World News
2024-10-01 | 02:31
High views
Share
LBCI
Share
LBCI
Whatsapp
facebook
Twitter
Messenger
telegram
print
UAE oil giant ADNOC to buy German chemicals firm for 12 billion euros
Whatsapp
facebook
Twitter
Messenger
telegram
print
0min
UAE oil giant ADNOC to buy German chemicals firm for 12 billion euros

German chemicals group Covestro said Tuesday it had accepted a takeover bid from the United Arab Emirates state energy company ADNOC, valuing the plastics-maker at 12 billion euros ($13.3 billion).

The agreement signed between the two groups "stipulates that the bidder will make a public takeover offer for all outstanding shares of Covestro for 62.00 euro per share", Covestro said in a statement.

AFP

World News

UAE

Oil

ADNOC

German

Chemicals

LBCI Next
Russian strike on Ukraine's Kherson kills seven
Multiple deaths in school bus fire in Thailand
LBCI Previous
Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
We use
cookies
We use cookies to make
your experience on this
website better.
Accept
Learn More