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State Aid
Editor's Picks
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Support for Fehmarn tunnel operator is not state aid, Denmark tells EU judges
The Danish government has told EU judges that its financial support for a company to build and operate an immersed tunnel across the Fehmarn strait to Germany does ... (more story)
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EU team watching public-procurement foreign subsidies set to get dedicated unit
The European Commission team scrutinizing foreign subsidies in public procurement will get a dedicated unit from tomorrow, as part of a reshuffle of the Directorate... (more story)
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Dealmakers eying EU M&A get stark warning in subsidy review of UAE telecom buyout
The European M&A landscape for companies backed by foreign states looks more complicated, in light of newly published documents that show the dealmaking of UAE tele... (more story)
Insight View More
Abu Dhabi National Oil Company has received German foreign direct investment clearance for its takeover of chemical company Covestro, the final approval it needed to complete the €14.7 billion deal. Germany’s ... (more story)
Finnish company Huhtamaki is continuing its fight over accessing documents held by the European Commission as part of an investigation into its tax treatment, which dates back to 2018. A lower court rejected a... (more story)
The looming clash between the EU’s strict internal rulebook and the demands of trading partners outside the bloc needs a tied-up approach bringing in economic security and trade policy that goes beyond specifi... (more story)
State subsidies from the United Arab Emirates could have allowed Abu Dhabi National Oil Company and Covestro to restrict competition by making the companies indifferent to risk and able to engage in “aggressiv... (more story)
Power companies Eurowind Energy and European Energy have complained to EU regulators that the Danish government's plan to provide up to €7.4 billion euros to support the construction of offshore wind farms is ... (more story)
The Abu Dhabi National Oil Company is set to gain EU sign-off for its €14.7 billion ($16.9 billion) takeover of German chemical company Covestro well ahead of a Dec. 2 deal deadline, MLex has learned.
The low-cost airline used a meeting with European Commission officials to reiterate arguments that the French and German governments should recoup state aid disbursed to Air France-KLM and Deutsche Lufthansa d... (more story)
Abu Dhabi National Oil Company has seen EU regulators resume their foreign subsidy probe into its takeover of Covestro. The European Commission now has until March 2 to decide on the €14.7 billion deal.
Comment View More
The outcome of the EU's foreign-subsidy review of Abu Dhabi National Oil Company's Covestro acquisition has few lessons to offer dealmakers in the way of certainty, given that the concessions extracted appeare... (more story)
China’s newly unveiled outline of the 15th Five-Year Plan draws the line clearly: any quick US-China trade détente won’t alter Beijing’s long-term course. A shift in tone — from the cautiously optimistic frami... (more story)
Abu Dhabi National Oil Company and German chemicals company Covestro are optimistic of overcoming EU subsidy concerns over their merger, MLex has learned. The companies intend to formally submit remedies befor... (more story)
Just four months after taking office, the Lee Jae Myung administration has unveiled a sweeping plan to remake South Korea’s bureaucracy, setting the stage for one of the most consequential reorganizations in d... (more story)
Companies receiving foreign subsidies haven't secured much clarity on when their merger deal or public procurement awards risk being called in for review by the European Commission. The institution's draft gui... (more story)
Olivier Guersent has signed off as head of the European Commission’s powerful competition directorate, serving six different commissioners and witnessing the highs and lows of the bloc’s economic policies. In ... (more story)
The European M&A landscape for companies backed by foreign states looks more complicated, in light of newly published documents that show the dealmaking of UAE telecom operator Etisalat — known as e& — will fa... (more story)
Abu Dhabi National Oil Company must feel its path to EU foreign-subsidy approval for its 14.7 billion-euro takeover of Germany's Covestro has been smoothed by the European Commission’s clearance of another lar... (more story)