Group 1 - The acquisition of Covestro by XRG has received final regulatory approval from the German Federal Ministry of Economics and Energy, with the transaction expected to close in the coming days [1] - The acquisition deal is valued at approximately €14.7 billion, which includes €11.7 billion for the shares and €3 billion in debt, alongside a capital injection of €1.17 billion from ADX [1] - Covestro aims to enhance its focus on circular economy goals and digital transformation through advanced technologies such as artificial intelligence and quantum computing, supported by XRG as a long-term strategic shareholder [1] Group 2 - Covestro will maintain its operational independence under the leadership of CEO Dr. Markus Steilemann, with the existing company structure and governance standards remaining intact post-transaction [2] - XRG, an international investment company valued at $150 billion, focuses on scalable energy solutions for natural gas and chemicals, and is fully owned by the Abu Dhabi National Oil Company (ADNOC) [2] - Covestro, a chemical producer based in Germany, was spun off from Bayer Group in 2015 and is projected to achieve sales of €14.2 billion in 2024, operating 46 production sites globally with approximately 17,500 employees [2]
千亿级化工大并购，即将完成！
Zhong Guo Hua Gong Bao·2025-11-24 07:11