Abu Dhabi National Oil Company to acquire Covestro for €14.7bn.

Abu Dhabi National Oil Company, a state-owned oil company of the UAE, offered to acquire Covestro, a producer of bisphenol, for €14.7bn. ”We have made good progress in our discussions with Adnoc. Therefore, we have decided to enter into concrete transaction negotiations with Adnoc,” Markus Steilemann, Covestro CEO. On November 14, 2025, European Commission conditionally approves ADNOC's acquisition of Covestro.