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Adnoc seeks EU foreign subsidy clearance for Covestro deal

By Andrew Boyce and Nicholas Hirst ( May 15, 2025, 10:38 GMT | Insight) -- Abu Dhabi National Oil Company has sought EU foreign subsidy approval for its plan to take over German chemicals group Covestro, MLex has learned. The European Commission will now have 25 working days to decide whether to clear the 14.7 billion-euro deal, or open an in-depth probe.Abu Dhabi National Oil Company has sought EU foreign subsidy approval for its plan to take over German chemicals group Covestro, MLex has learned....

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