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ADNOC, Covestro and European Union

EU Probe Puts ADNOC’s $14B Covestro Takeover at Risk

A negative EU ruling could chill Gulf investment in Europe and affect ADNOC’s broader energy partnerships, including green hydrogen and ammonia projects.

Reuters on MSN · 4d

ADNOC's Covestro deal in EU crosshairs over subsidies

Abu Dhabi state oil giant ADNOC's 14.7 billion euro ($17.2 billion) bid for German chemicals company Covestro may face hurdles after EU antitrust regulators opened an investigation on Monday into potential distortions caused by foreign subsidies.

The Wall Street Journal on MSN · 4d

EU Launches Investigation Into Adnoc’s $13.7 Billion Acquisition of Covestro

The European Commission cited concerns that foreign subsidies from the United Arab Emirates could distort the European market.

Bloomberg L.P.10mon

Adnoc to Buy Covestro for €12 Billion in Its Biggest Deal

Abu Dhabi National Oil Co. reached a deal to buy chemical producer Covestro AG for about €11.7 billion ($13 billion), in what’s set to be the biggest Middle Eastern acquisition of a European firm.

CompositesWorld10mon

Covestro signs investment agreement with ADNOC

Covestro AG (Leverkusen, Germany), a manufacturer of high-quality polymer materials and their components, has signed an investment agreement with the Abu Dhabi National Oil Co. (ADNOC) Group ...

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ADNOC, Covestro and European Union

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