[Decision Summary] Approval of ADNOC's Acquisition of Nova Chemicals
The Polish Competition Authority has approved the acquisition of Nova Chemicals Corporation by Abu Dhabi National Oil Company (ADNOC) without any conditions or remedies.
03.08.2025 | Polish Competition Authority (DKK)
The Polish Competition Authority (UOKiK) issued Decision No DKK-190/2025 on August 4, 2025, granting approval for Abu Dhabi National Oil Company (ADNOC) P.J.S.C. to acquire control over Nova Chemicals Corporation. This decision follows an antitrust investigation initiated by UOKiK.
UOKiK determined that the merger would not significantly impede competition in the relevant markets. The authority noted that the decision did not require a detailed justification as it fully aligned with the request of the parties involved and did not resolve any contentious interests.
As per the legal framework, parties have the right to appeal this decision to the District Court in Warsaw within one month of notification. The appeal process is subject to a fixed fee of 1000 PLN, although exemptions may be granted based on financial need.