Category: European Commission

ADNOC–Covestro Deal Gets Final Green Light in Germany

The Abu Dhabi National Oil Company (ADNOC), through its international investment company XRG P.J.S.C., announced on November 21 the receipt of the final outstanding regulatory approval needed for its €14.7 billion acquisition of German chemicals producer Covestro. The final clearance, granted by the German Federal Ministry for Economic Affairs and Energy, means all closing conditions […]

The post ADNOC–Covestro Deal Gets Final Green Light in Germany first appeared on Egypt Oil & Gas.

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ADNOC–Covestro Deal Gets Final Green Light in Germany

The Abu Dhabi National Oil Company (ADNOC), through its international investment company XRG P.J.S.C., announced on November 21 the receipt of the final outstanding regulatory approval needed for its €14.7 billion acquisition of German chemicals producer Covestro. The final clearance, granted by the German Federal Ministry for Economic Affairs and Energy, means all closing conditions […]

The post ADNOC–Covestro Deal Gets Final Green Light in Germany first appeared on Egypt Oil & Gas.

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ADNOC–Covestro Deal Gets Final Green Light in Germany

The Abu Dhabi National Oil Company (ADNOC), through its international investment company XRG P.J.S.C., announced on November 21 the receipt of the final outstanding regulatory approval needed for its €14.7 billion acquisition of German chemicals producer Covestro. The final clearance, granted by the German Federal Ministry for Economic Affairs and Energy, means all closing conditions […]

The post ADNOC–Covestro Deal Gets Final Green Light in Germany first appeared on Egypt Oil & Gas.

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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 […]

The post ADNOC Nears EU Approval for €14.7B Covestro Takeover first appeared on Egypt Oil & Gas.

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