8 months ago
Schlumberger-ChampionX deal clears UK competition hurdle
Investing.com -- The UK’s Competition and Markets Authority (CMA) said on Tuesday it has accepted undertakings in the Schlumberger-ChampionX deal, removing a potential regulatory obstacle for the transaction.
According to a statement from the regulator, the CMA will not be referring the deal to an in-depth investigation following its acceptance of the undertakings.
The decision marks a significant step forward in the regulatory approval process for the merger between the two energy services companies.
The CMA, which serves as Britain’s primary competition watchdog, typically reviews mergers and acquisitions to ensure they don’t substantially reduce market competition.
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