ADNOC has submitted robust remedies that should win EU approval for its 14.7-billion-euro ($17 billion) bid for Germany's Covestro , the international investment arm of the Abu Dhabi state oil giant, said on Monday.
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.
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