ADNOC/Covestro: EC Foreign Subsidies Review Likely to Home in on UAE State Support for Bidder in Case That Could Test Novel Issues

Published on Nov 26, 2024

Abu Dhabi National Oil Company’s (ADNOC) 14.7 billion euro ($16.3 billion) bid for German plastic materials maker Covestro (XETR: 1COV) could face close European Commission scrutiny over the support it receives from the emirate, according to a Capitol Forum analysis.

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ADNOC/Covestro: EC Foreign Subsidies Review Likely to Home in on UAE State Support for Bidder in Case That Could Test Novel Issues

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