Schlumberger / ChampionX merger inquiry
The Competition and Markets Authority (CMA) is investigating the anticipated acquisition by Schlumberger Limited of ChampionX Corporation.
Statutory timetable
| Phase 1 | Action |
|---|---|
| 26 November 2024 to 10 December 2024 | Invitation to comment (*) |
(*) The CMA has decided to investigate this transaction and is inviting comments from any interested party. This case page will be updated when the CMA formally commences its phase 1 investigation.
Phase 1
Invitation to comment: Closes 10 December 2024
26 November 2024: 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.
The CMA is issuing this preliminary ‘invitation to comment’ to allow interested parties to submit to the CMA any initial views on the impact that the transaction could have on competition in the UK. The CMA has not yet launched its formal investigation into this transaction. This invitation to comment is the first part of the CMA’s information-gathering process.
To assist it with this assessment, the CMA invites comments on the transaction from any interested party.
Written representations about any competition issues should be provided by the deadline set out above.
- (26.11.24)
Contact
Please send written representations about any competition or public interest to:
- Dora Pap, dora.pap@cma.gov.uk, 020 3738 6641
- Jeremy Chan, jeremy.chan@cma.gov.uk, 020 3738 6782
Your name and contact details are your personal data. In collecting, receiving, storing, accessing and using your personal data, the CMA, as controller, is processing your personal data. The CMA processes personal data in accordance with data protection law. The CMA is processing your personal data so that it can contact you again, should it need further help or information from you, in order to carry out its merger work under Part 3 of the Enterprise Act 2002. For more information about how the CMA processes personal data and your rights relating to that data, please see our Privacy Notice.