# ADNOC acquires Covestro for €14.7 billion

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.

- Type: Acquisition
- Announced: 2025-04-10
- Where: Germany
- Value: $16.0B (14.7B EUR)
- Status: announced
- Products: high-performance polymers, specialty chemicals
- 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)
- [ADNOC](https://endata.com/companies/2481.md) (acquirer)

## Sources

- [mergersight.com](https://www.mergersight.com/post/adnoc-s-16-4bn-acquisition-of-covestro), 2025-04-10: "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"
- [plasticstoday.com](https://www.plasticstoday.com/business/eu-greenlights-adnoc-s-16-3-billion-takeover-of-covestro), 2025-05-15: "Adnoc’s blockbuster $16.3 billion takeover of Germany-based chemicals company Covestro has received unconditional approval from the European Commission."

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