XRG Website:

ADNOC International Germany Holding AG (the “Bidder”), a wholly owned indirect subsidiary of XRG P.J.S.C. (formerly known as ADNOC International Limited, together with the Bidder and other companies of ADNOC Group, “XRG”), today, after expiry of the additional acceptance period, announced the final results of the voluntary public takeover offer (the “Takeover Offer”) to all shareholders of Covestro AG (“Covestro” or the “Company”).

At the expiry of the additional acceptance period on December 16, 2024, at 24:00 hrs (Frankfurt am Main local time) / 18:00 hrs (New York local time), the aggregate of the shares tendered and already purchased by XRG amount to c. 91.32% of the total shares outstanding of Covestro.

XRG will become the new majority shareholder of Covestro AG, a world leader in high-quality polymer materials, subject to outstanding regulatory approvals. Today’s announcement marks a significant milestone in XRG’s ambitious growth strategy to become a top five global chemicals player, while unlocking new growth opportunities.

In their joint reasoned statement, published on November 7, 2024, the Board of Management and Supervisory Board of Covestro recommended that shareholders accept the Takeover Offer.