ADNOC’s Covestro Acquisition Receives Conditional EU Approval Amid Competition and Sustainability Concerns
Abu Dhabi National Oil Company (ADNOC)’s €14.7 billion bid to acquire German chemicals giant Covestro has been conditionally approved by the European Commission, marking a major step in what would be one of the largest foreign takeovers of an EU-based company by a Gulf state. The Commission’s approval comes after ADNOC agreed to amend its governance […]










