Abu Dhabi state oil firm ADNOC and Germany's Covestro have received the final outstanding regulatory approval from the German economy ministry for their 14.7 billion euro ($16.9 billion) takeover deal, the chemicals company said on Friday.
Bundeswirtschaftsministerin Katherina Reiche kündigt grünes Licht der Bundesregierung für die Übernahme der Spezialchemie-Firma Covestro DE0006062144 durch das Staatsunternehmen Adnoc aus den Vereinigten Arabischen Emiraten an.
The regulator said Adnoc's offer to share Covestro's sustainability patents with some competitors would help balance out concerns about the impact on the EU's internal market.
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