ADNOC acquires majority stake in Covestro for €11.6 billion

ADNOC, via its investment company XRG, has acquired a controlling stake in German polymer manufacturer Covestro, surpassing the 50% acceptance threshold in a €11.6 billion deal. The transaction is expected to be completed in the second half of 2025.

“ADNOC has acquired a controlling stake in Covestro, surpassing the 50% acceptance threshold in a €11.6 billion deal.”tdd-global.com

• 1 source
• tdd-global.comADNOC has acquired a majority stake in German polymer manufacturer CovestroNov 5, 2026

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