State oil company Adnoc to make formal €14.4bn offer for Covestro in biggest European deal this year
UAE oil company’s lengthy courtship and sweetened €14.4bn bid key to overcoming German chemical group’s reluctance
German chemicals group to enter ‘concrete negotiations’ after Gulf state-owned company boosts proposal to €62 per share
Abu Dhabi state energy group improves offer for German chemical company as emirate flexes financial muscle
State-owned oil company Adnoc seeks to diversify revenue stream and expand beyond fossil fuels
Diversifying into cleaner and higher-growth sectors makes sense for Abu Dhabi’s national oil company
Evonik and Covestro, which together employ more than 50,000 people, have both said profits will fall
Equipment will be run by AI and machine learning, increasing the need for data scientists and engineers
Chemicals group’s stock will be more attractive in months to come
Corporate slicing and dicing will not necessarily resolve deep-rooted problems
German groups post sales rises that beat analyst forecasts
The one-time tennis prospect on running a €90bn life sciences group without burning out
IPO of Bayer plastics division was biggest in Germany since 2007
Gross proceeds from plastics division listing slashed from €2.5bn to €1.5bn after China worries
If the past is any guide, investors should do all right out of Bayer’s carveout
Frankfurt flotation expected to raise €2.5bn and will help parent Bayer focus on life sciences
