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ADNOC to acquire German chemicals company Covestro for $16 bn

Manufacturing

01 October, 2024

ADNOC to acquire German chemicals company Covestro for $16 bn

Abu Dhabi's ADNOC has struck a deal to buy German chemicals maker Covestro for 14.7 billion euros ($16.3 billion), including debt, ......

Abu Dhabi's ADNOC to buy minority stake in ExxonMobil's Texas project

Manufacturing

04 September, 2024

Abu Dhabi's ADNOC to buy minority stake in ExxonMobil's Texas project

Abu Dhabi National Oil Company (ADNOC) will acquire a 35% equity stake in ExxonMobil Corp's proposed low-carbon hydrogen project in ......

ADNOC finalising due diligence for Covestro takeover

Manufacturing

29 August, 2024

ADNOC finalising due diligence for Covestro takeover

Abu Dhabi National Oil Company (ADNOC) is finalising due diligence for a takeover of Covestro in a deal that could ......

UAE's Masdar plans more European bets after $887 mn Spanish solar deal

Infrastructure

30 July, 2024

UAE's Masdar plans more European bets after $887 mn Spanish solar deal

United Arab Emirates' renewable energy company Masdar is seeking more opportunities in Europe's green energy sector and will consider both ......

Middle East firms eye Europe but some deals face headwinds

General

25 July, 2024

Middle East firms eye Europe but some deals face headwinds

As Abu Dhabi's ADNOC sets its sights on an 11.7 billion euro ($12.74 billion) takeover of German chemical maker Covestro ......

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Alpha Dhabi Holding to sell stake in oilfield services firm to JV with ADNOC Drilling

Infrastructure

17 July, 2024

Alpha Dhabi Holding to sell stake in oilfield services firm to JV with ADNOC Drilling

Alpha Dhabi Holding, a unit of Abu Dhabi’s International Holding Company (IHC), will transfer its controlling stake in an oilfield ......

ADNOC gets access to German firm Covestro's books after $12.5-bn takeover offer

Infrastructure

24 June, 2024

ADNOC gets access to German firm Covestro's books after $12.5-bn takeover offer

German chemicals firm Covestro is giving ADNOC access to its books and stepping up talks based on an improved 11.7 ......

ADNOC picks up minority stake in NextDecade's Rio Grande LNG unit

Infrastructure

20 May, 2024

ADNOC picks up minority stake in NextDecade's Rio Grande LNG unit

Abu Dhabi National Oil Company (ADNOC) on Monday said it has acquired an 11.7% stake in phase 1 of NextDecade's Rio ......

ADNOC scraps talks to buy stake in Brazil's Braskem

Manufacturing

07 May, 2024

ADNOC scraps talks to buy stake in Brazil's Braskem

Abu Dhabi National Oil Company (ADNOC) has terminated talks to buy a controlling stake in Braskem, the Brazilian petrochemical producer ......

Abu Dhabi AI company Presight takes majority stake in tech venture AIQ

TMT

02 May, 2024

Abu Dhabi AI company Presight takes majority stake in tech venture AIQ

Artificial intelligence company Presight AI Holding has acquired a majority stake in AIQ, a technology joint venture between Abu Dhabi ......