Adnoc chief executive officer Sultan Al Jaber.
HONG KONG: Abu Dhabi’s state energy company is making its biggest global move yet by acquiring a key chemical-maker in Europe’s heartland, and is wagering the deal will help it weather the energy transition.
Abu Dhabi National Oil Co (Adnoc) offered nearly US$13bil to buy Germany’s Covestro AG in what’s set to be the largest Middle Eastern acquisition of a European firm.
