Finance
ADNOC manager optimistic about EU's Covestro takeover review
Published by Global Banking & Finance Review®
Posted on September 29, 2025
1 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on September 29, 2025
1 min readLast updated: January 21, 2026
ADNOC's Klaus Froehlich expresses optimism about the EU's review of its Covestro acquisition, stressing the need for balanced demands.
BERLIN (Reuters) -A top manager with Abu Dhabi's ADNOC expressed optimism on Monday about the European Union's ongoing review of its takeover of German plastics maker Covestro but said there needed to be a balance between legitimate requirements and excessive demands.
"We are a strategic, long-term investor. That's why I'm actually very optimistic," Klaus Froehlich, ADNOC Group Chief Investment Officer, told Germany's Handelsblatt newspaper.
"There must be a balance between legitimate requirements and excessive demands. And of course, there's a limit for us as well," he said in an interview published on Monday.
(Writing by Miranda Murray; editing by Matthias Williams)
An acquisition is a corporate action in which one company purchases most or all of another company's shares to gain control. This can lead to increased market share and expansion.
Corporate strategy refers to the overall plan for a company that outlines how it will achieve its goals and objectives. It includes decisions about resource allocation and business direction.
A strategic investor is an individual or entity that invests in a company with the intention of gaining a strategic advantage, often through synergies or partnerships.
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