GovWire

Statutory timetable

Phase 1

CMA to consider undertakings offered

6 December 2022: The CMA considers that there are reasonable grounds for believing that the undertakings offered by Baker Hughes Nederland Holdings B.V. and Altus Intervention Group AS or a modified version of them, might be accepted by the CMA under the Enterprise Act 2002. The text of the decision will be published in due course.

Reference unless undertakings accepted

22 November 2022: The CMA has decided, on the information currently available to it, that it is or may be the case that this merger may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom. This merger will be referred for an in-depth investigation unless the parties offer acceptable undertakings to address these competition concerns. The full text of the decision will be published in due course.

• Summary of phase 1 decision (pdf, 134KB) (22.11.22)
• Press release: Well intervention services deal could result in increased costs for UK oil and gas production(22.11.22)

Launch of merger inquiry

27 September 2022: The CMA announced the launch of its merger inquiry by notice to the parties.

• Commencement notice (27.9.22)

Invitation to comment: closes on 11 October 2022

27 September 2022: The 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 situation may be expected to result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or?services.?

To assist it with this assessment, the CMA invites comments on the transaction from any interested party.?

These comments should be provided by the deadline set out above.?

Contact

Please send written representations about any competition issues to:

Rafia.Saif@cma.gov.uk