# XRG secures 91.3% of Covestro via takeover offer

XRG (formerly ADNOC International) announced that its voluntary public takeover offer for Covestro AG achieved a final acceptance rate of 91.32% of shares. The transaction is subject to regulatory clearances and expected to close in the second half of 2025.

- Type: Acquisition
- Announced: 2024-12-19
- Where: Leverkusen, Germany, Germany
- Status: announced
- Products: high-quality polymer materials
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Covestro](https://endata.com/companies/1705.md) (target)
- [XRG](https://endata.com/companies/14160.md) (acquirer)
- [ADNOC International Limited](https://endata.com/companies/80163.md) (acquirer)

## Sources

- [eqs-news.com](https://www.eqs-news.com/news/corporate/xrg-secures-91-3-of-covestro-via-voluntary-takeover-offer/d8010d8e-79b4-483f-bf10-84ac2c0b8476_en), 2024-12-19: "We are delighted that our offer for Covestro was accepted by the overwhelming majority of shareholders."
- [chemanager-online.com](https://chemanager-online.com/de/news/covestro-aktionaere-stimmen-uebernahme-durch-adnoc-zu), 2024-12-19: "ADNOC International, inzwischen umfirmiert zu XRG, hat nach einer weiteren Annahmefrist insgesamt 91,3 % der Covestro-Aktien erreicht und wird den Leverkusener Kunststoffhersteller übernehmen."

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