# Adnoc signs investment agreement to acquire Covestro

Adnoc signed an investment agreement with Covestro for a takeover offer, supported by Covestro's board, to acquire the German specialty chemicals company.

- Type: Acquisition
- Announced: 2024-12-03
- Where: Germany
- Status: announced
- Products: 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

- [european-coatings.com](https://www.european-coatings.com/news/markets-companies/covestro-adnoc-major-take-over-on-the-horizon/), 2024-12-03: "the speciality chemicals manufacturer signed an investment agreement with certain entities of the Adnoc, including Adnoc International and its subsidiary, Adnoc International Germany Holding."
- [adhesivesmag.com](https://www.adhesivesmag.com/articles/keyword/2546-acquisitions?page=3), 2024-12-30: "ADNOC, the largest oil producer in the United Arab Emirates, has successfully gained control of 91.3% of outstanding Covestro shares."

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