The long-running courtship between Abu Dhabi’s energy titan and one of Germany’s heavyweight materials makers has finally cleared its last hurdle. Covestro revealed that Berlin’s economic gatekeepers have delivered their final approval, unlocking the final door in a €14.7 billion march toward full acquisition.
With every condition now ticked, both sides are bracing for the official close—just days away. The green signal from Germany comes on the heels of a conditional nod from Brussels, where regulators recently dusted off their probe over concerns that state-backed muscle might distort the playing field. After a fresh look, the deal was allowed to advance.
Once the ink dries, Covestro plans to fire off a €1.17 billion capital boost designed to power its strategic reshuffle and investment blueprint—an early sign of the transformation expected under its new ownership.
Investors seemed mildly energized, nudging Covestro’s stock up slightly in the early afternoon trade.
And just like that, a deal years in the making is finally stepping into the home stretch.
