Corporate News Update
Date: 25 November 2025
Subject: Regulatory approval of ADNOC’s acquisition of Covestro AG
Covestro AG, a German polymer and high‑performance plastics manufacturer listed on the Frankfurt Stock Exchange, has confirmed that the planned takeover by the Abu‑Dhabi National Oil Company (ADNOC) has received official approval from German authorities. This regulatory clearance removes the last remaining barrier and permits ADNOC to finalize the transaction.
Key Points
- Regulatory Status: German authorities have granted formal approval for ADNOC’s acquisition of Covestro AG.
- Strategic Intent: ADNOC aims to continue significant production operations in Europe. Governance agreements will introduce new board members from ADNOC.
- Investment Outlook: ADNOC intends to make substantial investments over the next five years to support core operations and growth ambitions.
- Corporate Governance: The deal will alter Covestro’s supervisory board structure. The company will maintain its existing governance framework under new ownership.
- Operational Details: No further operational specifics have been disclosed at this time.
Implications for Stakeholders
The approval marks a pivotal step in ADNOC’s expansion into the polymer sector and signals its commitment to European manufacturing capacity. The inclusion of ADNOC board members suggests an integrated governance approach, potentially influencing strategic decisions and risk management. Investors should monitor subsequent disclosures for details on the financial terms of the acquisition, integration plans, and any changes to Covestro’s dividend policy or capital allocation strategies.
