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The Nexus
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Covestro

Coverage of Covestro in the Nexus archive.

Earliest in view: Jun 30 · 05:00 UTCMost recent: Jul 8 · 12:06 UTC
Co-mentioned in this coverage
ADNOC Distributionorganization2South Africaplace2Shellorganization2Abu Dhabiplace2Bader Al Lamkiperson1Africaplace1Southeast Asiaplace1EBITDAtopic1LNGtopic1gas stationstopic1Covestro chiefperson1EUtopic1Chinaplace1UAEplace1
Recent coverage
  • BUSINESSJul 8 · 12:06 UTCSEMAFOR
    ADNOC wants more gas stations, eyes Africa and Southeast Asia

    ADNOC Distribution, the retail arm of ADNOC, is expanding gas stations in Africa, Southeast Asia, and parts of the Middle East and North Africa. The company prioritizes value-accretive acquisitions, citing a $1 billion South African deal and a potential Shell station takeover. CEO Bader Al Lamki emphasized financial performance, with EBITDA rising from $670 million to $1.16 billion since 2019.

  • BUSINESSJul 7 · 12:27 UTCSEMAFOR
    ADNOC spends $1B on gas stations in South Africa

    ADNOC Distribution, the retail arm of Abu Dhabi's state oil company, acquired Shell's downstream business in South Africa for $1 billion, securing 580 gas stations and a 10% market share. The deal is part of ADNOC's broader strategy, which includes investments in a Texan LNG project, Argentinian gas blocks, and a $16.9 billion takeover of Covestro, as well as launching a global LNG trading platform targeting 47 million tonnes annually by 2035.

  • BUSINESSJun 30 · 05:00 UTCFINANCIAL TIMES WORLD
    EU must choose which sectors to protect or face exodus, warns Covestro chief

    Covestro's CEO warns the EU must protect specific sectors to avoid an exodus. The Abu Dhabi-owned German company announced investments of up to €4 billion in China and the UAE.