ADNOC's Covestro deal in EU crosshairs over subsidies
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 28 2025
0mins
Source: Reuters
ADNOC's Acquisition Bid: Abu Dhabi's ADNOC has made a €14.7 billion bid for German chemicals company Covestro, which is under investigation by EU antitrust regulators due to concerns over potential distortions from foreign subsidies.
EU Investigation Details: The European Commission is examining whether UAE subsidies could unfairly influence the market and has set a deadline of December 2 for its decision on the deal, while ADNOC maintains confidence in the transaction's approval.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
