- Title:
Merger Update: CHC/Babcock - Time:
07:00:05 - Date:
29 Nov 2021 - Category:
Acquisitions and alliances - ID:
7381T
Merger reference decision announced:
On 18 November 2021, the CMA decided that it was or may be the case that the following Merger has resulted or may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom.
Completed acquisition by CHC Group LLC (CHC) of Offshore Helicopter Services UK Limited, Offshore Services Australasia Pty Ltd and Offshore Helicopter Services Denmark A/S
Pursuant to section 73A(1) of the Act, CHC had until 25 November 2021 to offer an undertaking to the CMA that might be accepted by the CMA under section 73(2) of the Enterprise Act 2004 (the Act). On 25 November 2021 CHC informed the CMA that it would not be offering any undertakings. The CMA has therefore decided to refer this Merger for a phase 2 investigation pursuant to sections 22(1) and 34ZA(2) of the Act.
The text of this decision will be placed on the Competition and Markets Authority's website at https://www.gov.uk/cma-cases as soon as is reasonably practicable.
In the event of media enquiries please contact Press@cma.gov.uk.
Merger Update: CHC/Babcock07:00:0529 Nov 2021Acquisitions and alliances7381T