Adnoc €12bn Takeover of Covestro AG
Sector: Natural Gas • Location: Germany
Source: Gulf Times
Abu Dhabi National Oil Co (Adnoc) is planning a €12bn ($14bn) takeover of Covestro AG, a German company supplying materials for prominent phone and carmakers. The deal aims to create a natural gas and chemicals leader, with Adnoc owning Covestro through its investment unit XRG. The takeover has received conditional approval from the European Union after addressing concerns about state subsidies.
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Participants
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Company | Obfuscated Data |
Status
Original status | planned |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
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Description
Description | Abu Dhabi National Oil Co (Adnoc) is planning a €12bn ($14bn) takeover of Covestro AG, a German company supplying materials for prominent phone and carmakers. The deal aims to create a natural gas and chemicals leader, with Adnoc owning Covestro through its investment unit XRG. The takeover has received conditional approval from the European Union after addressing concerns about state subsidies. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
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Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
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URL | obfuscated_data,obfuscateddata.com |
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