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European Coatings Podcast: Analysis of the deal between Covestro and Adnoc
A major shift in the global chemical industry is underway. In the latest episode of the European Coatings Podcast, editor Yeray López speaks with industry expert Alex Comanita about the planned acquisition of Covestro by Adnoc – a deal that could redefine Europe’s position in advanced materials and polymers.
The conversation traces Covestro’s journey from Bayer’s materials division to an independent company facing intense pressure from high energy costs, strict regulation and rising competition from Asia. Against this backdrop, the episode explains why securing a strong, long‑term partner has become crucial for the company’s future.
Attention then turns to Adnoc. Known primarily as a major oil producer, the Abu Dhabi National Oil Company is steadily transforming itself into a diversified chemicals and materials player. The podcast unpacks why Covestro is strategically attractive for Adnoc and how both sides expect to benefit from complementary strengths.
The episode also addresses the European Commission’s in‑depth review of the transaction under the Foreign Subsidies Regulation, highlighting the difficult balance between competition policy and safeguarding industrial capacity and jobs in Europe.
What does this deal mean for innovation, sustainability and the competitive dynamics of the chemical industry? Could it signal a broader trend of Middle Eastern investors reshaping the sector?
Listen to the full European Coatings Podcast episode to hear the complete analysis and expert insights behind the Covestro– Adnoc deal.
