# 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.

- Type: Acquisition
- Announced: 2024-11-07
- Where: Germany
- Value: $12.6B (11.6B EUR)
- Status: announced
- Products: polymers
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [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)
- [XRG](https://endata.com/companies/14160.md) (investor)

## Sources

- [tdd-global.com](https://www.tdd-global.com/article-hot-news/adnoc-has-acquired-a-majority-stake-in-german-polymer-manufacturer-covestro.html), 2026-11-05: "ADNOC has acquired a controlling stake in Covestro, surpassing the 50% acceptance threshold in a €11.6 billion deal."

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