Acquiring Company
XRG
Acquired Company
Covestro
Abu Dhabi
LeverkusenEnergyOil And GasRenewable EnergyManufacturingDescription
XRG P.J.S.C. has completed its acquisition of Covestro AG, injecting €1.17 billion to strengthen Covestro’s financial position. This acquisition enhances XRG's global chemicals strategy and positions it as a top investor in the chemical sector. Covestro's expertise will contribute to XRG’s growth and innovation goals in the industry.
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Based on deal dataFrequently asked
Who acquired Covestro?
Covestro was acquired by XRG, based in Abu Dhabi. The deal was reported on December 12, 2025. XRG is an international energy and chemicals investment company committed to accelerating the transformation of global energy systems. XRG is privately held and operates in Energy.
When did XRG acquire Covestro?
XRG's acquisition of Covestro was reported on December 12, 2025. XRG P.J.S.C. has completed its acquisition of Covestro AG, injecting €1.17 billion to strengthen Covestro’s financial position. This acquisition enhances XRG's global chemicals strategy and positions it as a top investor in the chemical sector. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Covestro do?
Covestro AG is a leading German company in the chemicals industry, focusing on Performance Materials and Specialty Chemicals. It is privately held, operating in Manufacturing, and is based in Leverkusen.
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