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Click on the top to follow us Abu Dhabi National Oil Company (Adnoc) has completed the due diligence on its planned takeover of German chemical giant Covestro, potentially paving the way for the Emirati state giant’s biggest-ever acquisition, Bloomberg reported on Wednesday. Adnoc is diversifying its international portfolio, eyeing a wider role in the liquefied natural gas value chain, as well as in chemicals and fertilisers. The Emirati player last year entered into a binding agreement to buy out partner OCI’s majority stake in the two companies’ joint venture fertiliser company, Fertiglobe, for $3.62 billion. For more information, please scan the QR code！
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