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

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

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 ...

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

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

Regulators said the probe stemmed from concerns that state support for ADNOC could distort competition in the bloc’s market.

ADNOC struck the deal to buy Covestro last October, marking its biggest ever acquisition and one of the largest foreign ...

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

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 ...

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.