The European Commission cited concerns that foreign subsidies from the United Arab Emirates could distort the European market ...

Abu Dhabi state oil giant ADNOC's 14.7 billion euro ($17.2 billion) bid for German chemicals company Covestro may face ...

A negative EU ruling could chill Gulf investment in Europe and affect ADNOC’s broader energy partnerships, including green hydrogen and ammonia projects.

By Bartosz Dabrowski and Patricia Weiss (Reuters) -German chemicals maker Covestro missed second-quarter sales expectations ...

The European Commission has launched an in-depth investigation into Abu Dhabi's state-owned oil giant Adnoc's planned €11.7 ...

Adnoc has contested the European Commission's investigation into its takeover bid for German chemical firm Covestro, saying ...

The European Commission said it is launching an in-depth investigation into Abu Dhabi National Oil Co.'s €11.7B (~$13.75B) ...

Covestro stated at that time that both companies were aligned on key aspects of a potential transaction, including support for Covestro’s future growth prospects.In June, ADNOC increased its ...

Covestro said in a statement that "there are no plans to sell, close or significantly reduce Covestro's business activities as part of the transaction." In the investment agreement, Adnoc ...

Abu Dhabi National Oil Co. reached a deal to buy chemical producer Covestro AG for about €11.7 billion ($13 billion), in what’s set to be the biggest Middle Eastern acquisition of a European firm.

Shares in Covestro dropped 3.25% after the report to 46.20 euros at 13:35 GMT. C ovestro and ADNOC did not immediately respond to Reuters requests for comment.

Previous ADNOC offers for Covestro had been estimated at $11 billion and $12 billion. "We have made good progress in our discussions with ADNOC," Covestro CEO Markus Steilemann said.