EU Regulators to Decide on Baker Hughes’ $13.6 billion Chart Deal by June 26

baker hughes sign 1200x810

(Reuters) – EU antitrust regulators will decide by June 26 ​whether to clear oilfield services ‌firm Baker Hughes’ $13.6 billion acquisition of Chart Industries, according to a ​European Commission filing.

Baker Hughes announced the ​deal in July last year ⁠to boost its presence in ​industrial technology servicing liquefied natural ​gas and data centres and also leverage its industrial and energy technology portfolio.


Get the Latest US Focused Energy News Delivered to You! It’s FREE:


The ​Commission, which acts as ​the EU competition enforcer, can either clear ‌the ⁠deal with or without demanding concessions after the end of its preliminary review or it ​can open ​a ⁠full-scale investigation if it has serious concerns.

Chart manufactures ​industrial equipment such as valves ​and ⁠measurement technology for gas and liquid molecule handling and operates ⁠65 ​manufacturing locations with ​over 50 service centres globally.

Reporting by Foo ​Yun Chee; Editing by Kirsten Donovan

Share This:


More News Articles

 

  • Related Posts

    Top US Refiners See Profits Soar, Step Up Investor Rewards

    By Nicole Jao Top refiners post combined second-quarter profit of $12.6 billion Capital returns to shareholders hit $6.3 billion in second quarter TD Cowen sees Marathon and Valero each repurchasing…

    BofA to Plow $250 Billion Into Critical Infrastructure Projects

    By Paula Seligson and Katherine Doherty Bank of America Corp. unveiled a $250 billion initiative to invest in critical infrastructure across the US over the next year, joining its peers…

    Have You Seen?

    Bahri Profit Hits $1.36 Billion as the World Scrambles for Tankers

    • October 28, 2026
    Bahri Profit Hits $1.36 Billion as the World Scrambles for Tankers

    QatarEnergy Extends LNG Force Majeure to End of 2026

    • October 28, 2026
    QatarEnergy Extends LNG Force Majeure to End of 2026

    China’s Refiners Turn to Africa and Brazil Crude as Freight Rates Ease

    • October 28, 2026
    China’s Refiners Turn to Africa and Brazil Crude as Freight Rates Ease

    ErreDue to supply two PEM electrolysers to jewellery firm

    • October 28, 2026
    ErreDue to supply two PEM electrolysers to jewellery firm

    Biomethane ‘left behind’ in UK Budget, says trade association

    • October 28, 2026
    Biomethane ‘left behind’ in UK Budget, says trade association

    UK-Taiwan launch CCUS partnership

    • October 28, 2026
    UK-Taiwan launch CCUS partnership

    UK Budget cuts carbon capture grants as Acorn faces funding uncertainty

    • October 28, 2026
    UK Budget cuts carbon capture grants as Acorn faces funding uncertainty

    Equinor Profits Triple as Oil and Gas Prices Surge

    • October 28, 2026
    Equinor Profits Triple as Oil and Gas Prices Surge

    China’s Wind and Solar Power Capacity Surpasses 2 Terawatts

    • October 28, 2026
    China’s Wind and Solar Power Capacity Surpasses 2 Terawatts

    India’s Gasoline Demand Could Peak by 2035 as EVs Gain Ground

    • October 28, 2026
    India’s Gasoline Demand Could Peak by 2035 as EVs Gain Ground