UK Says Baker Hughes-Altus Deal May Hurt Competition in Oil Well Services

(Reuters) Britain's competition watchdog said on Tuesday that U.S.-listed oilfield services firm Baker Hughes Co's acquisition of Altus Intervention could reduce competition among UK oil and gas operators. The Competition and Markets Authority (CMA) said it was concerned that the loss of rivalry between the merging companies could lead to higher prices, reduced choice, and lower quality services... Continue Reading →

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