ADNOC International Limited

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.

ADNOC International Limited entered into an investment agreement with Covestro AG and launched a voluntary public takeover offer for all shareholders at €62 per share on October 1, 2024. The deal values Covestro at approximately AED 254 per share.