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ADNOC’s Covestro commitments addressed subsidy concerns, EU regulator says

By Andrew Boyce ( November 14, 2025, 11:04 GMT | Insight) -- 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 “aggressive investment strategies,” the EU’s competition regulator said. The European Commission cleared ADNOC’s €14.7 billion takeover of German chemical company Covestro after accepting commitments.State subsidies from the United Arab Emirates could have allowed Abu Dhabi National Oil Company to restrict competition by making it indifferent to risk and allowing it to engage in “aggressive investment strategies,” the EU’s competition regulator said on Friday (see here)....

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