ADNOC acquires majority stake in Covestro for €11.6B

ADNOC has acquired a controlling stake in German polymer manufacturer Covestro, surpassing the 50% acceptance threshold in a €11.6 billion deal. The acquisition positions ADNOC among the top global chemical companies.

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

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

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