Plans by Abu Dhabi National Oil Co’s. (Adnoc) investment unit, XRG, to acquire Germany's Covestro are in doubt after the EU launched an investigation into the transaction under its Foreign Subsidies Regulation that could potentially hamper the Abu Dhabi firm's international expansion.
EU Probe Clouds Adnoc’s Covestro Deal, Growth Ambitions
The Covestro deal is key to XRG’s push to rank among the world’s top-three chemicals players.







