Abu Dhabi National Oil Company

Adnoc submits takeover bid; German giant valued at EUR 11.7 bn / “Financially strong and long-term oriented partner” – CEO Steilemann

Adnoc completes due diligence / Concrete takeover bid likely before September end?

Revenues flat despite “sharp rise” in Q2 sales volumes / Upper end of guidance lowered / Adnoc takeover talks: confirmatory due diligence begins

Feasibility study for major polyolefin site in China

German chemical industry association extends Steilemann's term of office / Will BASF chief follow next year?

Plastics producer aims to save EUR 400 mn across global operations / Job cuts evidently planned in Germany

Adnoc entertains “possible offer” of EUR 12 bn for German group / Takeover negotiations enter crucial phase

Adnoc cancels negotiations for majority takeover / Brazilian polyolefin group remains in the red

Drop in sales volume, prices hampers result / Full-year 2023 net loss deepens considerably / CFO says Petrobras done with due diligence, Adnoc still in process

CEO Gangl to depart Austrian resin maker

Economic weakness leads to shrinking sales, profits / No news on Borouge

Takeover talks with Adnoc reportedly stalled

Better results likely in 2024 / Demand to remain soft / Firms send mixed messages

Adnoc increases takeover bid again / Middle Eastern petchem group continues push for acquisitions

The plastics industry continues to work in a state of emergency / Slumps in demand, cheap imports and ever-new regulations make life difficult for producers and processors / Producers on the other side of the Atlantic also face more difficulties

Borealis, Borouge reportedly on the verge of a merger

State-owned company reportedly plans to acquire BASF subsidiary Wintershall Dea

Billion-euro purchase offer from Adnoc / Emirates group plans to extend downstream value chain

Does Adnoc's potential takeover of Covestro mark the beginning of an M&A boom? / PIE interviews M&A expert, Carlos Robles y Zepf

2023 core profit seen at the low end of target / Difficult economic landscape depresses Q3 sales by 23%

Polycarbonate: First Chinese recyclate compounding plant on stream / Asian capacity undergoes major expansion

Plans with Saudi Arabia for Ratnagiri refinery to be accelerated / Resistance from locals

Plastics producer now in open-ended negotiations with Adnoc / German trade union insists on job security

Adnoc increases takeover bid again

Hope for H2 / Aim to keep margins high, costs low / Difficult road ahead for recyclate