# ADNOC expected to make formal €14.4B offer for Covestro

Abu Dhabi National Oil Company (ADNOC) is expected to make a formal offer to acquire Covestro for about €14.4 billion ($15.9 billion) including debt, according to the Financial Times.

- Type: Acquisition
- Announced: 2024-09-11
- Where: Germany
- Value: $15.9B (14.4B EUR)
- Status: rumored
- Products: 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

- [reuters.com](https://www.reuters.com/markets/deals/adnoc-acquire-covestro-about-159-bln-ft-reports-2024-09-11/), 2024-09-11: "ADNOC is expected to make a formal offer to acquire Covestro for about 14.4 billion euros ($15.9 billion) including debt."

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