Adnoc International Germany Holding, a wholly owned indirect subsidiary of Abu Dhabi-based XRG, has acquired a 95 percent controlling stake in Germany’s CovestroAdnoc International Germany Holding, a wholly owned indirect subsidiary of Abu Dhabi-based XRG, has acquired a 95 percent controlling stake in Germany’s Covestro

XRG acquires controlling stake in Germany’s Covestro

2025/12/17 23:53

Adnoc International Germany Holding, a wholly owned indirect subsidiary of Abu Dhabi-based XRG, has acquired a 95 percent controlling stake in Germany’s Covestro.

The controlling stake was acquired on December 10, the German chemicals maker said in a regulatory filing with the Frankfurt stock exchange on Tuesday.

In a statement on December 10, XRG, a low-carbon and chemicals investment company founded by Abu Dhabi National Oil Company (Adnoc), announced the completion of its voluntary public takeover offer of Covestro.

XRG also completed a capital increase of €1.17 billion to strengthen Covestro’s balance sheet under the new ownership structure.

The funding will provide Covestro with additional resources to support the implementation of its “sustainable future” strategy, the statement said.

Adnoc submitted a €14.7 billion ($17 billion) takeover proposal for Covestro in October 2024.

The deal had sparked EU concerns of state subsidies to acquire Covestro but it is now expected to close by the end of the year, Reuters reported.

Further reading:

  • Adnoc’s XRG to take over Germany’s Covestro
  • Adnoc expects EU approval for Covestro deal
  • Adnoc moves its US investments to XRG
Sorumluluk Reddi: Bu sitede yeniden yayınlanan makaleler, halka açık platformlardan alınmıştır ve yalnızca bilgilendirme amaçlıdır. MEXC'nin görüşlerini yansıtmayabilir. Tüm hakları telif sahiplerine aittir. Herhangi bir içeriğin üçüncü taraf haklarını ihlal ettiğini düşünüyorsanız, kaldırılması için lütfen [email protected] ile iletişime geçin. MEXC, içeriğin doğruluğu, eksiksizliği veya güncelliği konusunda hiçbir garanti vermez ve sağlanan bilgilere dayalı olarak alınan herhangi bir eylemden sorumlu değildir. İçerik, finansal, yasal veya diğer profesyonel tavsiye niteliğinde değildir ve MEXC tarafından bir tavsiye veya onay olarak değerlendirilmemelidir.

Ayrıca Şunları da Beğenebilirsiniz

Trump Reviews Candidates to Succeed Fed Chair Powell

Trump Reviews Candidates to Succeed Fed Chair Powell

The post Trump Reviews Candidates to Succeed Fed Chair Powell appeared on BitcoinEthereumNews.com. Key Points: Trump evaluates Fed Chair candidates, considering
Paylaş
BitcoinEthereumNews2025/12/19 08:34
CME Group to launch options on XRP and SOL futures

CME Group to launch options on XRP and SOL futures

The post CME Group to launch options on XRP and SOL futures appeared on BitcoinEthereumNews.com. CME Group will offer options based on the derivative markets on Solana (SOL) and XRP. The new markets will open on October 13, after regulatory approval.  CME Group will expand its crypto products with options on the futures markets of Solana (SOL) and XRP. The futures market will start on October 13, after regulatory review and approval.  The options will allow the trading of MicroSol, XRP, and MicroXRP futures, with expiry dates available every business day, monthly, and quarterly. The new products will be added to the existing BTC and ETH options markets. ‘The launch of these options contracts builds on the significant growth and increasing liquidity we have seen across our suite of Solana and XRP futures,’ said Giovanni Vicioso, CME Group Global Head of Cryptocurrency Products. The options contracts will have two main sizes, tracking the futures contracts. The new market will be suitable for sophisticated institutional traders, as well as active individual traders. The addition of options markets singles out XRP and SOL as liquid enough to offer the potential to bet on a market direction.  The options on futures arrive a few months after the launch of SOL futures. Both SOL and XRP had peak volumes in August, though XRP activity has slowed down in September. XRP and SOL options to tap both institutions and active traders Crypto options are one of the indicators of market attitudes, with XRP and SOL receiving a new way to gauge sentiment. The contracts will be supported by the Cumberland team.  ‘As one of the biggest liquidity providers in the ecosystem, the Cumberland team is excited to support CME Group’s continued expansion of crypto offerings,’ said Roman Makarov, Head of Cumberland Options Trading at DRW. ‘The launch of options on Solana and XRP futures is the latest example of the…
Paylaş
BitcoinEthereumNews2025/09/18 00:56
White House AI and Crypto Czar: CLARITY Act Markup Coming in January

White House AI and Crypto Czar: CLARITY Act Markup Coming in January

The White House AI and Crypto Czar has announced that markup procedures for the CLARITY Act will begin in January. This news marks significant progress in U.S. cryptocurrency regulatory framework legislation.
Paylaş
MEXC NEWS2025/12/19 09:40