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ADNOC Set to Secure EU Approval for Massive Covestro Buy
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ADNOC Set to Secure EU Approval for Massive Covestro Buy
In what could become one of Europe’s most significant energy-chemicals tie-ups, Abu Dhabi National Oil Co. (ADNOC) is poised to secure the European Commission’s blessing for its €14.7 billion ($17.1 billion) acquisition of German chemical giant Covestro, according to a Reuters report released Tuesday. The approval would mark ADNOC’s largest-ever acquisition, a bold stride in ADNOC Covestro Buy gains EU approval, marking Abu Dhabi oil giant’s $17B
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