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

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(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.


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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

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