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Home » Blog » EU regulators to decide on ADNOC’s Covestro deal by May 12: Report
UAE

EU regulators to decide on ADNOC’s Covestro deal by May 12: Report

Aisha Al Habibi
Aisha Al Habibi
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The EU antitrust regulators will decide before May 12 to eliminate the acquisition of the German chemical company of ABU Dhabi State Giant DNNOC (€ 15.9bn) of the German chemical company Covestro, a regulatory presentation on the website of the European Commission.

ADNOC reached the agreement for its greater acquisition last October, since the countries of the Middle East seek to reduce their dependence on oil.

The commission, which acts as the executor of the competition in the European Union of 27 countries, can eliminate the agreement with or without conditions or open an investigation of four men after their preliminary review, Reuters reported.

ADNOC waits for the covestro

The agreements in which the companies that are not from the EU acquire the EU may be subject to the regulation of foreign subsidies of the block, allowing the Guardian dog to take energetic measures against the unfair foreign support for companies.

The E & ‘Telecoms Group offer in parts of the Czech Cecas PPF Telecommunications Company was eliminated only after the old sacrificed concessions.

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