Brussels Set to Greenlight ADNOC’s $17 Billion Covestro Takeover
The European Commission is poised to approve the $17 billion acquisition of Covestro by the Abu Dhabi National Oil Company (ADNOC), following key concessions made by the UAE-based energy firm to address regulatory concerns. The deal, valued at €14.7 billion, represents ADNOC’s largest-ever foreign investment and a significant expansion into the European chemicals sector. Sources […]
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