Linklaters and SZA Schilling are representing Covestro with Freshfields providing legal guidance to ADNOC.
October 03, 2024 at 05:34 AM
2 minute read
Linklaters and Freshfields Bruckhaus Deringer are key advisers on a $16.3 billion deal involving Abu Dhabi National Oil Company’s (ADNOC’s) acquisition of German chemical giant Covestro.
The transaction is one of the largest foreign acquisitions by a Gulf state as countries in the Middle East aim to reduce their dependence on oil amid the global transition to cleaner energy.
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ADNOC. Photo Credit: Courtesy Adnoc.ae
