LBCI

UAE oil giant ADNOC to buy German chemicals firm for 12 billion euros

World News

01-10-2024 | 03:31

Share

Share

UAE oil giant ADNOC to buy German chemicals firm for 12 billion euros

German chemicals group Covestro said Tuesday it had accepted a takeover bid from the United Arab Emirates state energy company ADNOC, valuing the plastics-maker at 12 billion euros ($13.3 billion).

The agreement signed between the two groups "stipulates that the bidder will make a public takeover offer for all outstanding shares of Covestro for 62.00 euro per share", Covestro said in a statement.

AFP

World News

UAE

Oil

ADNOC

German

Chemicals

Next

Trump says he will visit Saudi Arabia, Qatar, UAE as early as May

Recommended For You

Thousands protest Israeli siege of Gaza near Venice Film Festival

11:56

Thousands protest Israeli siege of Gaza near Venice Film Festival

Germany's Merz says Ukraine allies must ensure Russia can no longer economically wage war

11:39

Germany's Merz says Ukraine allies must ensure Russia can no longer economically wage war

EU urges US to reconsider UN summit visa denial for Palestinians

10:13

EU urges US to reconsider UN summit visa denial for Palestinians

Russia launches strikes across Ukraine as peace prospects flounder

09:27

Russia launches strikes across Ukraine as peace prospects flounder

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

Trump pushes plan for US to take over Canada as it goes to the polls

2025-04-28

Trump pushes plan for US to take over Canada as it goes to the polls

Lebanon’s prime minister praises progress in Palestinian arms handover

2025-08-29

Lebanon’s prime minister praises progress in Palestinian arms handover

Egypt’s president hails Lebanon’s steps to restore state authority

2025-08-27

Egypt’s president hails Lebanon’s steps to restore state authority

World plastic pollution treaty talks collapse with no deal

2025-08-15

World plastic pollution treaty talks collapse with no deal

Videos

Unprecedented step: Lebanon funds kidney transplants for all qualified patients

2025-08-29

Unprecedented step: Lebanon funds kidney transplants for all qualified patients

US envoy Barrack clarifies ‘animalistic’ comment, says media ‘just doing their job’

2025-08-28

US envoy Barrack clarifies ‘animalistic’ comment, says media ‘just doing their job’

US congressional delegation in Beirut discusses disarmament of Hezbollah, LAF support, Israeli perspective

2025-08-26

US congressional delegation in Beirut discusses disarmament of Hezbollah, LAF support, Israeli perspective

40 years of LBCI: A look back at its milestones

News Bulletin Reports

2025-08-23

40 years of LBCI: A look back at its milestones

President Aoun: Hezbollah's weapons are an internal matter, US proposal is now a Lebanese paper

2025-08-17

President Aoun: Hezbollah's weapons are an internal matter, US proposal is now a Lebanese paper

Pregnant journalist Petra Abou Haidar attacked in road rage assault

2025-07-15

Pregnant journalist Petra Abou Haidar attacked in road rage assault

Massive fire erupts at unregulated dumpsite in Bchannine, Zgharta district

2025-07-01

Massive fire erupts at unregulated dumpsite in Bchannine, Zgharta district

Clash between Lebanese Army and residents of Deir Qanoun Al Nahr results in injuries (Video)

2025-06-10

Clash between Lebanese Army and residents of Deir Qanoun Al Nahr results in injuries (Video)

Mexico dedicates garden around Lebanese Emigrant Statue in Beirut to mark 80 years of diplomatic ties

2025-06-04

Mexico dedicates garden around Lebanese Emigrant Statue in Beirut to mark 80 years of diplomatic ties

Most read

24 hours

7 days

Month

Lebanese army dismantles Israeli surveillance device in Yaroun

1

Lebanese army dismantles Israeli surveillance device in Yaroun

Target of latest Gaza strike was Hamas spokesman Abu Obaida, Israeli Army Radio reports

2

Target of latest Gaza strike was Hamas spokesman Abu Obaida, Israeli Army Radio reports

Lebanon’s deputy PM distances himself from reported comment on US envoy’s 'paper'

3

Lebanon’s deputy PM distances himself from reported comment on US envoy’s 'paper'

PM Salam tells LBCI: Lebanon remains committed to US paper’s objectives, will await Speaker Berri on dialogue proposal

4

PM Salam tells LBCI: Lebanon remains committed to US paper’s objectives, will await Speaker Berri on dialogue proposal

Head of Yemen's Houthi government, some ministers killed in Israeli strike

5

Head of Yemen's Houthi government, some ministers killed in Israeli strike

Large fire engulfs archaeological site in Tyre

6

Large fire engulfs archaeological site in Tyre

Lebanon weighs internal dialogue vs. external pressure: Army weapons plan faces delays

7

Lebanon weighs internal dialogue vs. external pressure: Army weapons plan faces delays

New hope for patients: Lebanon opens door to kidney transplants with full financial coverage

8

New hope for patients: Lebanon opens door to kidney transplants with full financial coverage

Download now the LBCI mobile app

To see the latest news, the latest daily programs in Lebanon and the world

Google Play

App Store

Download now the LBCI mobile app

We use
cookies

We use cookies to make
your experience on this
website better.

Accept

Learn More