{"id":109734,"date":"2025-11-24T00:00:00","date_gmt":"2025-11-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/adnoc-clears-final-hurdles-for-covestro-takeover\/"},"modified":"2025-11-24T00:00:00","modified_gmt":"2025-11-24T00:00:00","slug":"adnoc-clears-final-hurdles-for-covestro-takeover","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/11\/24\/adnoc-clears-final-hurdles-for-covestro-takeover\/","title":{"rendered":"Adnoc clears final hurdles for Covestro takeover"},"content":{"rendered":"

Ad<\/strong>no<\/strong>c\u2019s play fo<\/strong>r Covestro enters its final stretch: <\/strong>Adnoc secured all remaining regulatory clearances for its acquisition of German polymer materials manufacturer Covestro, putting the transaction on track to close in the coming days, according to a press release<\/a>. Adnoc International Germany Holding, the XRG subsidiary acting as bidder, received final approval from Germany\u2019s Federal Ministry for Economic Affairs and Energy following the European Commission\u2019s green light<\/a> last week. The approval, like the commitments, is valid for a decade. Covestro had guided for the transaction to close before 2 December. <\/p>\n

IN CONTEXT- <\/strong>At EUR 14.7 bn, the transaction counts as the largest Gulf-led buyout of a European-listed company in nearly two decades. The signs-offs bring an end to months of scrutiny, after Brussels opened an in-depth probe into the bid under its Foreign Subsidies Regulation warning that state-backed support, including an unlimited state guarantee, a planned capital injection, and tax benefits, could distort market competition. The energy giant responded by <\/span>dropping the unlimited<\/a>backing<\/a> through amendments to its articles of association and agreeing to license Covestro\u2019s sustainability patents to European rivals for 10 years.<\/span><\/p>\n

What\u2019s next? <\/strong>Covestro plans to carry out a EUR 1.17 bn capital increase once the acquisition closes to fund strategic investments and further its sustainability program. Covestro will remain headquartered in Leverkusen, continue under its existing management, and keep all employee agreements (including job protections, collective bargaining, and co-determination arrangements) intact.<\/p>\n

Market reax: <\/strong>Covestro\u2019s shares edged up 0.2% to EUR 60.36 apiece on the Frankfurt Stock Exchange at Friday\u2019s close.<\/p>\n","protected":false},"excerpt":{"rendered":"

Covestro had guided for the transaction to close before 2 December<\/p>\n","protected":false},"author":1,"featured_media":109735,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2392],"tags":[57,551,7,1344,60],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-109734","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-adnoc","tag-covestro","tag-enterpriseam-uae","tag-ma","tag-ma-watch","wpautop","entry"],"acf":{"mongo_id":"cc2caeb3-6279-439a-9976-83c6e28674fc","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/2370.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Adnoc clears final hurdles for Covestro takeover","related_issue":[109722],"teaser":"Covestro had guided for the transaction to close before 2 December","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/11\/.2b34b88d-8b5a-4480-8b2d-4b265080b815.mp3"},"yoast_head":"\nAdnoc clears final hurdles for Covestro takeover - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/24\/adnoc-clears-final-hurdles-for-covestro-takeover\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Adnoc clears final hurdles for Covestro takeover\" \/>\n<meta property=\"og:description\" content=\"Covestro had guided for the transaction to close before 2 December\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/24\/adnoc-clears-final-hurdles-for-covestro-takeover\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:published_time\" content=\"2025-11-24T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2370.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/11\/24\/adnoc-clears-final-hurdles-for-covestro-takeover\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/11\/24\/adnoc-clears-final-hurdles-for-covestro-takeover\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Adnoc clears final hurdles for Covestro takeover\",\"datePublished\":\"2025-11-24T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/11\/24\/adnoc-clears-final-hurdles-for-covestro-takeover\/\"},\"wordCount\":265,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/11\/24\/adnoc-clears-final-hurdles-for-covestro-takeover\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2370.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Adnoc\",\"Covestro\",\"EnterpriseAM UAE\",\"M&A\",\"M&A WATCH\"],\"articleSection\":[\"M&A WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/11\/24\/adnoc-clears-final-hurdles-for-covestro-takeover\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/2025\/11\/24\/adnoc-clears-final-hurdles-for-covestro-takeover\/\",\"name\":\"Adnoc clears final hurdles for Covestro takeover - UAE\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/11\/24\/adnoc-clears-final-hurdles-for-covestro-takeover\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/11\/24\/adnoc-clears-final-hurdles-for-covestro-takeover\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2370.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2025-11-24T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/11\/24\/adnoc-clears-final-hurdles-for-covestro-takeover\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/uae\/2025\/11\/24\/adnoc-clears-final-hurdles-for-covestro-takeover\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/11\/24\/adnoc-clears-final-hurdles-for-covestro-takeover\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2370.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2370.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/11\/24\/adnoc-clears-final-hurdles-for-covestro-takeover\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/uae\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Adnoc clears final hurdles for Covestro takeover\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"name\":\"UAE\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\",\"name\":\"UAE\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42998.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42998.svg\",\"caption\":\"UAE\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Adnoc clears final hurdles for Covestro takeover - UAE","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/uae\/2025\/11\/24\/adnoc-clears-final-hurdles-for-covestro-takeover\/","og_locale":"en_US","og_type":"article","og_title":"Adnoc clears final hurdles for Covestro takeover","og_description":"Covestro had guided for the transaction to close before 2 December","og_url":"https:\/\/enterpriseam.com\/uae\/2025\/11\/24\/adnoc-clears-final-hurdles-for-covestro-takeover\/","og_site_name":"UAE","article_published_time":"2025-11-24T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2370.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/uae\/2025\/11\/24\/adnoc-clears-final-hurdles-for-covestro-takeover\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/2025\/11\/24\/adnoc-clears-final-hurdles-for-covestro-takeover\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Adnoc clears final hurdles for Covestro takeover","datePublished":"2025-11-24T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2025\/11\/24\/adnoc-clears-final-hurdles-for-covestro-takeover\/"},"wordCount":265,"publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2025\/11\/24\/adnoc-clears-final-hurdles-for-covestro-takeover\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2370.jpg?fit=%2C&ssl=1","keywords":["Adnoc","Covestro","EnterpriseAM UAE","M&A","M&A WATCH"],"articleSection":["M&A WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/uae\/2025\/11\/24\/adnoc-clears-final-hurdles-for-covestro-takeover\/","url":"https:\/\/enterpriseam.com\/uae\/2025\/11\/24\/adnoc-clears-final-hurdles-for-covestro-takeover\/","name":"Adnoc clears final hurdles for Covestro takeover - UAE","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2025\/11\/24\/adnoc-clears-final-hurdles-for-covestro-takeover\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2025\/11\/24\/adnoc-clears-final-hurdles-for-covestro-takeover\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2370.jpg?fit=%2C&ssl=1","datePublished":"2025-11-24T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/uae\/2025\/11\/24\/adnoc-clears-final-hurdles-for-covestro-takeover\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/uae\/2025\/11\/24\/adnoc-clears-final-hurdles-for-covestro-takeover\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/2025\/11\/24\/adnoc-clears-final-hurdles-for-covestro-takeover\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2370.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2370.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/uae\/2025\/11\/24\/adnoc-clears-final-hurdles-for-covestro-takeover\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/uae\/"},{"@type":"ListItem","position":2,"name":"Adnoc clears final hurdles for Covestro takeover"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/uae\/#website","url":"https:\/\/enterpriseam.com\/uae\/","name":"UAE","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/uae\/#organization","name":"UAE","url":"https:\/\/enterpriseam.com\/uae\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42998.svg","contentUrl":"https:\/\/ent.news\/internal\/42998.svg","caption":"UAE"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2370.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2370.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2370.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/109734","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/comments?post=109734"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/109734\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/issue\/109722"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media\/109735"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media?parent=109734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/categories?post=109734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/tags?post=109734"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/brand?post=109734"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=109734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}