Abu Dhabi's ADNOC to buy German chemicals firm Covestro for $16b

Abu Dhabi's ADNOC to buy German chemicals firm Covestro for $16b

REUTERS/Toru Hanai

Abu Dhabi’s ADNOC has struck a deal to buy German chemicals maker Covestro for 14.7 billion euros ($16.3 billion), including debt, in the energy giant’s biggest ever acquisition.