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.
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, Research Division Presentation Ronald Kohler Head of Investor Relations & Corporate Controlling Welcome to the Covestro earnings call on the third quarter results.
Shares in German chemicals maker Covestro rose on Thursday after Reuters reported that ADNOC was preparing to make concessions in response to an EU subsidy investigation of its 14.7 billion euro ($17.2 billion) bid for Covestro.
Covestro AG (OTCPK:CVVTF) Q2 2025 Earnings Conference Call July 31, 2025 9:00 AM ET Company Participants Carsten Intveen - Investor Relations Director Christian Baier - CFO & Member of Management Board Markus Steilemann - CEO & Chairman of Management Board Ronald Koehler - Head of Investor Relations & Corporate Controlling Conference Call Participants Chris Counihan - Jefferies LLC, Research Division Christian Faitz - Kepler Cheuvreux, Research Division Geoffrey Robert Haire - UBS Investment Bank, Research Division Ronald Koehler Welcome to the Covestro Earnings Call on the second quarter results. The company is represented by Markus Steilemann, CEO; and Christian Baier, CFO.
The European Commission cleared Abu Dhabi National Oil Co's acquisition of the chemicals group, removing a key regulatory hurdle for the deal to proceed.
Abu Dhabi state oil giant ADNOC on Tuesday won unconditional EU antitrust approval for its 14.7 billion euro ($16.3 billion)takeover of German chemicals company Covestro , confirming an earlier Reuters exclusive.
Covestro AG (OTCPK:CVVTF) Q1 2025 Results Conference Call May 6, 2025 9:00 AM ET Company Participants Ronald Koehler - Head of Investor Relations Christian Baier - CFO & Member of Management Board Carsten Intveen - Investor Relations Director Conference Call Participants Christian Faitz - Kepler Cheuvreux Sebastian Bray - Berenberg Ronald Koehler Welcome to the Covestro Earnings Call on the first quarter results. The company is represented by Christian Baier, CFO.
EU antitrust regulators will decide by May 12 whether to clear Abu Dhabi state oil giant ADNOC's 15.9 billion euro ($17.2 billion) takeover of German chemicals company Covestro, a regulatory filing on the European Commission website showed.
Covestro AG (OTCPK:CVVTF) Q4 2024 Results Conference Call February 26, 2025 9:00 AM ET Company Participants Ronald Koehler - Head of Investor Relations Christian Baier - CFO & Member of Management Board Carsten Intveen - Investor Relations Director Conference Call Participants Christian Faitz - Kepler Cheuvreux Sebastian Bray - Berenberg Ronald Koehler Welcome to the Covestro Earnings Call on the Full year 2024 Results. The Company is represented by Christian Baier, CFO.