ADNOC’s Covestro takeover gets final regulatory approval in Germany

(Reuters) -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.

Covestro said all closing conditions for the takeover by ADNOC were fulfilled, and that the transaction was expected to close in the coming days.

($1 = 0.8681 euros)

(Reporting by Bartosz Dabrowski in Gdansk, Editing by Friederike Heine)

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