# XRG to acquire Covestro for $17 billion

XRG, Adnoc's investment arm, is acquiring German chemicals company Covestro for €14.7 billion ($17 billion). The deal, announced in October 2024, is expected to close in the second half of 2025 pending regulatory approval.

- Type: Acquisition
- Announced: 2025-10-07
- Where: Germany
- Value: $17.0B
- Status: announced
- Products: polymer materials
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Covestro](https://endata.com/companies/1705.md) (target)
- [XRG](https://endata.com/companies/14160.md) (acquirer)

## Sources

- [thenationalnews.com](https://www.thenationalnews.com/business/energy/2025/10/07/adnocs-xrg-confident-of-timely-regulatory-clearance-for-17bn-covestro-deal/), 2025-10-07: "Following thorough engagement with the European Commission, we have submitted a robust and proportionate package of proposed commitments."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.