Finance
ADNOC's Covestro takeover gets final regulatory approval in Germany
Published by Global Banking and Finance Review
Posted on November 21, 2025
1 min readLast updated: January 20, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on November 21, 2025
1 min readLast updated: January 20, 2026
ADNOC's €14.7B takeover of Covestro gets final German approval. All conditions met, with strategic investments planned post-deal.
(Reuters) -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.
Covestro said all closing conditions for the takeover by ADNOC were fulfilled, and that the transaction was expected to close in the coming days.
Last week, the companies received the EU's conditional approval of the deal after the Commission restarted its investigation into the deal following EU concerns that ADNOC might be using state subsidies to acquire Covestro.
Covestro said that, upon closing of the deal, the company would proceed with a 1.17 billion euro capital increase for strategic investment and reorganization plans.
Covestro shares were up 0.66% as of 1358 GMT.
($1 = 0.8681 euros)
(Reporting by Bartosz Dabrowski in Gdansk, Editing by Friederike Heine)
A merger is a business strategy where two companies combine to form a single entity, often to enhance competitiveness, achieve economies of scale, or expand market reach.
Corporate governance refers to the systems and processes that direct and control a company, ensuring accountability, fairness, and transparency in its relationships with stakeholders.
A capital increase is when a company raises additional capital by issuing new shares or securities, often to fund growth initiatives or improve financial stability.
Regulatory approval is the process by which a company must obtain permission from relevant authorities before proceeding with significant transactions, such as mergers or acquisitions.
A takeover occurs when one company acquires control over another company, typically by purchasing a majority of its shares, often to expand its market presence or resources.
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