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Home Blog EU Probe Puts ADNOC’s $14B Covestro Takeover at Risk

EU Probe Puts ADNOC’s $14B Covestro Takeover at Risk

codarx

codarx

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Update date: 2025/08/01

The takeover of German chemicals giant Covestro by Abu Dhabi’s national oil company ADNOC is facing significant hurdles, as the EU is at present assessing the possible competition distortion in European markets. While the German chemical company reported today that it has missed its Q2 2025 sales expectation, primarily due to US trade policies, the management remains confident that the ADNOC takeover deadline is being met. Covestro indicated that it is satisfied that the EU probe is not going to materialize in a blockade of the deal. …

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