Covestro has entered into an investment agreement with ADNOC Group, with the latter offering EUR 62 per share to acquire a majority stake in Covestro as part of its strategy to enhance its performance materials and special chemicals business.

Target Information

Covestro AG is a leading global supplier of high-performance polymers and specialty chemicals, dedicated to sustainability and innovation. The company is actively enhancing its production capabilities through strategic investments, including a significant expansion at its Hebron, Ohio site. This expansion aims to bolster the production of differentiated polycarbonates within the Solutions & Specialties segment, with operations projected to commence by the end of 2026.

In addition to increasing production, Covestro is committed to transitioning toward a circular economy. In 2024, it secured access to renewable energy sources through a long-term power purchase agreement in Spain, which will significantly reduce its carbon emissions.

Industry Overview

The chemical industry plays a crucial role in global manufacturing, providing essential materials and solutions across various sectors. In recent years, there has been a heightened focus on sustainable practices, particularly in countries like Ge