In this episode of M&A Talks Europe, we dive into one of the largest M&A deals of the year—the acquisition of Covestro, a leading German chemical corporation, by Abu Dhabi National Oil Company (ADNOC). We explore the strategic rationale behind the takeover, its implications for both Covestro and ADNOC, and what this deal reveals about the energy transition strategies of Gulf countries. Let's discuss the numbers, the challenges of the chemical industry, and how Middle Eastern investors are positioning themselves in European markets.