Competition authorities raise concerns

Posted on 23 Aug 2017 and read 349 times
Competition authorities raise concernsCompetition authorities have raised concerns over Aberdeen-based Wood Group’s ( planned £2.2 billion takeover of energy services rival Amec Foster Wheeler, saying that it could reduce competition in the high-cost UK Continental Shelf.

The Competition and Markets Authority has instructed the firms to provide a proposed remedy or face an in-depth investigation.

Both companies have said that they still expect the planned merger to be complete in the fourth quarter of this year, creating a company with a combined value of around £5 billion.

Be seen in all the right places!

Metalex 2017 EUROTOOL 2017 Machine Tool Indonesia 2017 Engimach 2017 Steelfab 2018 Expo Manufactura 2018 Southern Manufacturing 2018 WIN Eurasia 2018 MACH 2018 Intermach / MTA 2018 Metaltech 2018 MTA Vietnam 2018 MTA Hanoi 2018