U.K. Watchdog Refers CHC/Babcock International Deal for Further Review
29 Novembro 2021 - 4:59AM
Dow Jones News
By Ian Walker
The U.K. Competition and Markets Authority said Monday that it
will refer CHC Group LLC's acquisition of Babcock International
Group PLC's oil-and-gas offshore helicopter business for a further
review after CHC said that it won't offer any solution to address
the regulator's competition concerns.
The CMA said on Nov. 18 that the deal raised competition
concerns within the U.K. and invited CHC to offer undertakings to
address them.
The CMA said Monday that it was informed by CHC on Nov. 25 that
it wouldn't be offering any undertakings and that the regulator
will now refer the deal for a Phase 2 investigation.
On Sept. 1, Babcock said that it had sold Babcock Mission
Critical Services Offshore Ltd., Babcock Offshore Services
Australasia Pty Ltd., and Babcock Denmark A/S for 10 million pounds
($13.3 million) to the Texas-based helicopter services company.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
November 29, 2021 02:44 ET (07:44 GMT)
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