ADNOC, the largest oil producer in the United Arab Emirates, has successfully gained control of 91.3% of outstanding Covestro shares, following an acceptance period that ended on December 16, 2024. ADNOC International Germany Holding AG, a wholly-owned indirect subsidiary of XRG P.J.S.C., announced that a total of 172 591 806 shares in Covestro have been […]
Covestro has signed an investment agreement with certain entities of the UAE’s state-owned oil company, ADNOC Group, including ADNOC International Limited and its subsidiary, ADNOC International Germany Holding AG. The agreement stipulates, among other items, that ADNOC International Germany Holding AG will make a public takeover offer for all outstanding shares of Covestro at a […]
Covestro recently announced that the company has entered into concrete negotiations with Abu Dhabi National Oil Co. (Adnoc), including the exchange of company information. The move follows open-ended talks that the companies have held so far. The negotiations with Adnoc involve a potential transaction and the potential conclusion of an investment agreement. They also will […]
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