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ADNOC-Covestro $16.4 billion deal receives Indian clearance

By Freny Patel ( December 10, 2024, 23:29 GMT | Insight) -- State-owned Abu Dhabi National Oil Company has secured merger approval from the Indian antitrust watchdog for the $16.4-billion proposed acquisition of Covestro International. The Competition Commission of India cleared the merger filing Tuesday evening and is among the first few regulators to clear the global transaction, which requires a “multitude” of regulatory approvals. Abu Dhabi National Oil Company has secured merger approval from the Indian antitrust watchdog for the $16.4 billion proposed acquisition of Covestro International....

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