Why Adnoc Agreed to Buy Covestro for €12 Billion

[@Bushallakh]

Khalid Salmeen 👏👏

[@tayya7371]

Khaled Salmeen ; What a Sharp leader just the way he talks

[@samirelzein1095]

Such a business expert

[@ahmedmohd6983]

Good luck my ADNOC ❤️

[@sabaiimc]

Bu Saif, you rocked in this interview too; direct, to the point and fluently delivered. Worth emulating as we do experience in day to day interactions with you as the Executive Director of the ADNOC’s Downstream, Marketing and Trading Directorate.

[@amjadtanjeer3615]

Industrial Metaverse 💙🇦🇪💙

[@danchen6783]

EV used residuals are actually incredibly high, showing really strong demand at the right price point. Everyone talks about the horrible residuals against what the purchase price was 3 years ago. But to the market, what you paid is sunk cost-irrelevant. The proper way to look at it is what the differential is to a current new equivalent. It’s only bc the new vehicle prices got driven down by Tesla that they look bad. Let’s do the math. Typical car depreciates about 40-50% after 3 years. Mach-E Select RWD new is $43k. Less $7500 tax credit you get to about $36k. You would expect a 2021 model to then sell for about $20k. But market right now has that vehicle selling for $27k, or only 25% implied depreciation. This tells you there is a really strong demand curve at around $25-30k for EVs. You could by a new one for $36k. Or take a 3 year old one at $27k. Usually not a deal you would take in the used market. But used Mach-Es fly off the lot. Same with other EVs. Very robust demand in the used market.

[@danchen6783]

EV used residual values are actually in

[@user-wr4yl7tx3w]

problem is the investment bankers. they know the buyers with deep pockets that will overpay.

[@murtadaalhashmi8483]

Wish Adnoc all best

[@yenidex673]

Good luck to youth businessman

[@keri0215]

코베스트로 화이팅!

[@Dom79Teck]

Europe are sold

[@harishs9003]

Arabs bankrolls science 😎