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
ADNOC Executive Expresses Confidence in EU's Covestro Acquisition Review
ADNOC's Perspective on the Covestro Acquisition
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.
Strategic Investment Approach
"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.
Balancing Requirements and Demands
"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)
