UK regulator says Baker Hughes-Altus deal could reduce competition By Reuters

(Reuters) – Britain’s competition watchdog said on Tuesday U.S.-listed oilfield services firm Baker Hughes Co’s acquisition of Altus Intervention could result in reduced 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 qualityservices for businesses in the UK that purchase coiled tubing and pumping services.