Abu Dhabi National Oil Company’s (ADNOC) acquisition of German chemical manufacturer Covestro has received final regulatory approval in Germany, clearing a significant hurdle for the deal. The approval by German authorities paves the way for ADNOC to expand its footprint in the global materials market, marking a strategic move in the energy and chemical sectors. This regulatory green light follows months of scrutiny amid concerns over market competition and national economic interests.
ADNOC Secures Final Regulatory Approval for Covestro Acquisition in Germany
ADNOC has officially received the final regulatory green light to proceed with its acquisition of the German chemical company Covestro, marking a significant milestone in the energy giant’s expansion strategy. This approval, granted by German authorities after rigorous scrutiny, clears the way for ADNOC to strengthen its foothold in the European chemical market and diversify its portfolio beyond traditional oil and gas…
—-
Author : Noah Rodriguez
Publish date : 2025-11-21 14:58:00
Copyright for syndicated content belongs to the linked Source.
—-
1 – 2 – 3 – 4 – 5 – 6 – 7 – 8
