English
简体中文
Русский
إنجليزي
Covestro and XRG Commence Strategic Partnership: Transaction Successfully Closed
HZ info2025-12-15 09:25
• EUR 1.17 billion capital increase has been executed
• Closing marks official start of partnership
Covestro AG today announced the successful closing of its strategic partnership with XRG P.J.S.C. (formerly ADNOC International Limited, together with its subsidiaries in the following “XRG”). The agreed capital increase of EUR 1.17 billion was carried out as planned, providing Covestro with additional resources to support the implementation of its “Sustainable Future” strategy.
Dr. Markus Steilemann, CEO of Covestro, said: “With today’s closing of the transaction, we can now begin our joint journey with XRG. Together with XRG as a strong and long-term partner, we are well positioned to drive Covestro’s transformation and create long-term value for our customers, employees, and stakeholders worldwide.”
The closing of the transaction marks the official start of the partnership, building on all underlying agreements and prior regulatory clearances.
MORE HZinfo
- BASF Raises MDI and TDI Prices in East Asia
- BASF announced that it will increase prices for its MDI and TDI products in the East Asia region (excluding mainland China) by USD 500/t, effective immediately or as contract terms allow.
-
2026-03-24
- Cabot Corporation To Increase Prices Globally For Products Sold By Its Specialty Compounds Business
- Cabot Corporation (NYSE: CBT) will raise prices globally for products sold by its specialty compounds business. Price increases will be up to 20 percent, depending on the product and region.
-
2026-03-24
- Cabot Corporation To Increase Prices Globally For Carbon Black Products Sold By Its Specialty Carbons Business
- Cabot Corporationwill raise prices globally for carbon black products sold by its specialty carbons business. Price increases will be up to 20 percent, depending on the product and region.
-
2026-03-24