SUBSIDY SCRUTINY
ADNOC bid for Germany’s Covestro probed by EU regulators
Regulators are concerned that the Abu Dhabi oil company’s state funding gives it an unfair advantage that could hamper fair competition
ADNOC
ADNOC headquarters in Abu Dhabi
Add The Circuit on GoogleADNOC’s $14 billion bid to acquire German plastic maker Covestro may be in trouble.
European Union regulators announced a formal investigation on Monday over concerns that the Abu Dhabi oil company’s state funding gives it an advantage...