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)
