Mergers & Acquisitions Mergers & Acquisitions

ADNOC-Covestro deal needs 'multitude' of filings, including EU foreign-subsidy approval

By Andrew Boyce
  • 01 Oct 2024 13:56
  • 01 Oct 2024 13:56
Abu Dhabi’s state-owned oil company will need a “multitude” of regulatory approvals before it can complete its takeover of Covestro, according to the German chemicals group’s chief financial officer.
Christian Baier said that would include merger approvals in the EU, US and China, foreign direct investment screening, and clearance under

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Andrew Boyce

Correspondent


Andrew is a reporter covering merger reviews and competition policy for MLex in Brussels. He joined MLex in 2015 and holds a degree and a master’s degree in history from the University of Liverpool.

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