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ADNOC/Covestro: Deal Headed for In-Depth EU Subsidy Probe, Sources Say

ADNOC’s €14.7 billion planned acquisition of chemicals producer Covestro (ETR: 1CO) is likely headed for an in-depth EU foreign subsidies investigation at the end of this month because the European Commission wants the United Arab Emirates oil giant to give up its unlimited state funding, according to sources familiar with the probe…

Jul 07, 2025 Read Now >