Abu Dhabi’s state-owned energy giant ADNOC has acquired nearly all shares of German chemical powerhouse Covestro. Germany is gradually losing its strategic position in critical industrial sectors. The sell-off is accelerating.
Remember the big media spectacle “MADE FOR GERMANY” this past July? Chancellor Friedrich Merz staged a meeting with 61 corporate CEOs, proudly announcing supposed future investments of €631 billion.
Even then, given the ongoing capital flight from Germany, it was clear that the event was mainly a media stunt – a sad attempt to distract the public from the real state of the German industrial base.
Sell-Off Accelerates
Since that day, Germany’s industrial sell-off has not slowed – it has accelerated. Companies have already made their judgment: suffocating regulations, exploding compliance costs in the name of climate policy, and an administratively hostile environment have turned investments into a risk.
In short: industrial production is being systematically and willfully strangled by lawmakers.
Last week, German chemical giant Covestro grabbed the headlines. This time, it was Abu Dhabi’s ADNOC on a bargain hunt – Black Friday has become a daily routine.
At around €62 per share, for a total transaction value of €15 billion, ADNOC increased its stake to over 95% – effectively taking control of company policy.
Also read: Germany Caps Power Prices To Save Its Industrial Base
