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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.

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