Adnoc closing in on $15.9 billion acquisition of European giant

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Click on the top to follow us Abu Dhabi National Oil Company (Adnoc) is closing in on its planned takeover of German chemical giant Covestro, and is expected to make a formal offer of €14.4 billion ($15.9 billion) including debt, the Financial Times reported on Wednesday. The Emirati state giant is diversifying its international portfolio, eyeing a wider role in the liquefied natural gas value chain, as well as in chemicals and fertilisers. Once completed, the Covestro deal would be Adnoc’s biggest ever acquisition of an international company. For more information, please scan the QR code！ ………………………………