ADNOC Nears EU Approval for €14.7B Covestro Takeover

Abu Dhabi National Oil Company (ADNOC) is close to securing European Union (EU) approval for its €14.7 billion ($17 billion) (Bn) acquisition of German chemicals producer Covestro, sources familiar with the matter told Reuters. The European Commission, which is reviewing the deal amid concerns over potential state subsidies, is expected to request minor adjustments to … Continue reading ADNOC Nears EU Approval for €14.7B Covestro Takeover