# Adnoc (XRG) completes merger with Covestro

Covestro AG and Abu Dhabi state oil firm Adnoc (now XRG) received final approval from German regulators and closed the merger agreement. Covestro will retain its autonomy, board of management, and headquarters in Leverkusen, and will receive a €1.17 billion capital increase.

- Type: Acquisition
- Announced: 2025-11-25
- Where: Leverkusen, Germany, Germany
- Status: completed
- Products: performance materials, specialty chemicals
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Covestro](https://endata.com/companies/1705.md) (target)
- [ADNOC](https://endata.com/companies/2481.md) (acquirer)

## Sources

- [chemicalprocessing.com](https://www.chemicalprocessing.com/industrynews/news/55332652/covestro-adnoc-finalize-merger-agreement), 2025-11-25: "This is an exciting new chapter for Covestro."

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