ADNOC's Covestro takeover gets final regulatory approval in Germany

Core Viewpoint - Abu Dhabi state oil firm ADNOC and Germany's Covestro have received final regulatory approval for their €14.7 billion ($16.9 billion) takeover deal [1] Group 1 - The takeover deal marks a significant investment in the chemical sector by ADNOC, enhancing its portfolio and strategic positioning [1] - Covestro, a leading global supplier of high-performance plastics, will benefit from ADNOC's resources and market access [1] - The approval from the German economy ministry is a crucial step in finalizing the acquisition, indicating regulatory support for foreign investments in Germany [1]