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ADNOC agreed to acquire Covestro, a German specialty chemicals company, for an implied equity value of €11.7 billion and total transaction size of €14.7 billion including debt. The deal is expected to close in the second half of 2025.
“This strategic partnership is a natural fit and aligns seamlessly with ADNOC's ongoing smart growth and future proofing strategy and our vision to become a top 5 global chemicals company”mergersight.com
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