Adnoc Nears Completion of $15.9 Billion Covestro Takeover, FT Reports
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--Abu Dhabi National Oil Company, known as Adnoc, plans to acquire German chemicals giant Covestro for 14.4 billion euros ($15.9 billion) including debt, the Financial Times reports, citing unnamed sources.
--The Emirati energy giant's chief executive officer, Sultan Al Jaber, concluded negotiations in Germany during the last week of August, the FT reports.
--Both Covestro and Adnoc didn't immediately when contacted for comment by Dow Jones Newswires.
Full story: https://bit.ly/4gjmw2i
Write to Helena Smolak at helena.smolak@wsj.com
(END) Dow Jones Newswires
September 11, 2024 07:05 ET (11:05 GMT)
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