ADNOC’s Purchase of Fertiglobe Stake Approved

Brazil antitrust regulator Administrative Council for Economic Defense (CADE) has approved the UAE state-owned oil giant Abu Dhabi National Oil Co.’s (ADNOC) plans to buy OCI NV’s 50% + 1 share stake in Abu Dhabi-based Fertiglobe Plc for a total consideration of $3.62 billion (GM Dec. 15, 2023) without restrictions, according to Bloomberg citing the regulator’s Official Gazette and the agency’s website.