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Adnoc wins EU approval to take over Covestro

( May 13, 2025, 10:22 GMT | Official Statement) -- MLex Summary: Abu Dhabi National Oil Company has secured European Commission merger approval for its plan to acquire German business Covestro. The regulator concluded that the concentration doesn't pose competition threats, citing no meaningful overlaps between the companies' activities. It also said that the companies won't be able to either restrict rivals' access to important inputs or to a sufficient customer base.Statement follows. ...

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