Exclusive: ADNOC set to gain unconditional EU antitrust nod for Covestro deal, sources say
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 06 2025
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Source: Reuters
ADNOC's Acquisition of Covestro: Abu Dhabi's ADNOC is expected to receive unconditional EU antitrust approval for its €14.7 billion acquisition of German chemicals company Covestro, marking ADNOC's largest deal to date as it aims to diversify investments amid the global shift towards cleaner energy.
Regulatory Approvals and Market Impact: The European Commission has found no competition issues due to a lack of overlap between the companies, while other regulatory bodies in South Africa and India have already approved the deal; ADNOC is also working on obtaining clearance under the EU's Foreign Subsidies Regulation.
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.
