Adnoc's Setbacks in M&A Hamper Quest to Expand Global Influence
Finding the right deal and seeing it through is proving to be a challenge for Abu Dhabi’s national oil company.
Adnoc’s purchase of German chemical maker Covestro is being probed by the European Commission.
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
Welcome to our guide to the commodities powering the global economy. To start the week, Rakteem Katakey, team leader for energy and commodities in the Middle East, looks at Adnoc’s recent M&A setbacks.
Abu Dhabi’s state oil company has megabucks to deploy in global energy M&A, seeking to expand its influence internationally and secure its future in a less carbon-intensive world.