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Adnoc’s €12 Billion Covestro Takeover Hit by EU Subsidy Probe

Summary by Bloomberg
Abu Dhabi National Oil Co.’s planned takeover of Covestro AG for nearly €12 billion ($14 billion) has been hit by an in-depth European Union probe under the bloc’s tough foreign-subsidy rules.

2 Articles

BloombergBloomberg
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Adnoc’s €12 Billion Covestro Takeover Hit by EU Subsidy Probe

Abu Dhabi National Oil Co.’s planned takeover of Covestro AG for nearly €12 billion ($14 billion) has been hit by an in-depth European Union probe under the bloc’s tough foreign-subsidy rules.

·United States
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rd.nlrd.nl

Eu Investigates State Aid in Adnoc's Takeover of Covestro

The European Commission has launched an investigation into the acquisition of the German chemical company Covestro by the state-owned oil giant Abu Dhabi National Co. (Adnoc). The European Union's executive board suspects that the United Arab Emirates provided financial support to both companies.

·Apeldoorn, Netherlands
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Bloomberg broke the news in United States on Monday, July 28, 2025.
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