REG - Competition and Mkts - Merger Update: Schlumberger/ChampionX

Schlumberger NVAnnouncement

29/01/2025 13:15

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RNS Number : 8191U  Competition and Markets Authority  29 January 2025

Start of CMA Merger Investigation: Schlumberger/ChampionX

The Competition and Markets Authority (CMA) is considering whether it is or
may be the case that this transaction, if carried into effect, will result in
the creation of a relevant merger situation under the merger provisions of the
Enterprise Act 2002 and, if so, whether the creation of that merger may be
expected to result in a substantial lessening of competition within any market
or markets in the United Kingdom for goods or services.

The CMA announced the launch of its merger inquiry by notice to the Parties on
29 January 2025 and has a deadline of 27 March 2025 for its phase 1 decision.

 

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