Tony Webster
"The European Commission voiced worries that the initially proposed transaction could diminish competition in worldwide markets for gas liquefaction technologies and equipment – sectors where European firms act as rivals and buyers," the statement indicated.
To tackle this issue, the companies merging will divest Chart Industries' proprietary technology innovations and a portion of its operations, and guarantee that their equipment is compatible with third-party LNG production machinery. These actions will be implemented for duration of 10 years.
The European Commission noted that the concessions provided by Baker Hughes resolved its worries about the possible decline of competition in the LNG market.
Chart Industries provides advanced products and systems commonly utilized in low-temperature and cryogenic storage. The organization operates 65 production facilities and more than 50 service locations globally.
The agreement was made public in July 2025. In the sale, shareholders of Chart Industries will get $210 for each share. At that moment, the transaction was anticipated to finalize by mid-2026.
source: ft.com
To tackle this issue, the companies merging will divest Chart Industries' proprietary technology innovations and a portion of its operations, and guarantee that their equipment is compatible with third-party LNG production machinery. These actions will be implemented for duration of 10 years.
The European Commission noted that the concessions provided by Baker Hughes resolved its worries about the possible decline of competition in the LNG market.
Chart Industries provides advanced products and systems commonly utilized in low-temperature and cryogenic storage. The organization operates 65 production facilities and more than 50 service locations globally.
The agreement was made public in July 2025. In the sale, shareholders of Chart Industries will get $210 for each share. At that moment, the transaction was anticipated to finalize by mid-2026.
source: ft.com