# Adnoc receives EU approval for €11.7B acquisition of Covestro

The European Commission granted unconditional approval for Abu Dhabi National Oil Co.'s €11.7 billion acquisition of German chemical manufacturer Covestro, clearing a major regulatory hurdle.

- Type: Acquisition
- Announced: 2025-05-16
- Where: Germany
- Value: $12.8B (11.7B EUR)
- Status: announced
- Products: chemicals, petrochemicals
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Covestro](https://endata.com/companies/1705.md) (target)
- [Abu Dhabi National Oil Company](https://endata.com/companies/5511.md) (acquirer)

## Sources

- [chemanalyst.com](https://www.chemanalyst.com/NewsAndDeals/NewsDetails/adnoc-secures-eu-approval-for-11-7-billion-acquisition-of-covestro-36658), 2025-05-16: "The European Commission has granted unconditional approval for Abu Dhabi National Oil Co.'s (Adnoc) proposed €11.7 billion acquisition of German chemical manufacturer Covestro."

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