India’s competition watchdog, CCI, has greenlit Abu Dhabi National Oil Company’s (ADNOC) substantial $16.4 billion acquisition of Covestro, a leading polymer materials producer. ADNOC plans a complete takeover of Covestro’s shares through a public offer, followed by a 10% capital increase. This significant deal marks ADNOC’s expansion into the chemical sector and strengthens its global presence.
ADNOC gets CCI clearance to acquire Covestro for USD 16.4 billion
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