Abu Dhabi state oil firm ADNOC and Germany's Covestro have received the final outstanding regulatory approval from the German economy ministry for their 14.7 billion euro ($16.9 billion) takeover deal, the chemicals company said on Friday.
Bundeswirtschaftsministerin Katherina Reiche kündigt grünes Licht der Bundesregierung für die Übernahme der Spezialchemie-Firma Covestro DE0006062144 durch das Staatsunternehmen Adnoc aus den Vereinigten Arabischen Emiraten an.
The regulator said Adnoc's offer to share Covestro's sustainability patents with some competitors would help balance out concerns about the impact on the EU's internal market.
Abu Dhabi state oil firm ADNOC has received the EU's conditional greenlight for its 14.7 billion euro ($17 billion) bid for German chemicals company Covestro , the European Commission said on Friday.
Abu Dhabi state oil firm ADNOC is expected to gain the EU green light for its 14.7 billion euro ($17 billion) bid for German chemicals company Covestro in the coming weeks, people with direct knowledge of the matter said.
Covestro AG (OTCPK:COVTY) Q3 2025 Earnings Call October 30, 2025 10:00 AM EDT Company Participants Ronald Kohler - Head of Investor Relations & Corporate Controlling Christian Baier - CFO & Member of Management Board Carsten Intveen - Investor Relations Director Conference Call Participants Christian Faitz - Kepler Cheuvreux, Research Division Sebastian Bray - Joh. Berenberg, Gossler & Co. KG, ...
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