Following an in-depth Phase 2 investigation into CHC’s acquisition of Babcock’s North Sea oil and gas business, the UK Competitions and Markets Authority (CMA) has ordered the company to unwind its acquisition of Offshore Helicopter Services UK, Offshore Services Australasia and Offshore Helicopter Services Denmark, all previously owned by Babcock International Group. Explaining its decision, the CMA said that the deal reduced competition in North Sea Oil & Gas support services market to unacceptable level saying that it believes there should be at least four separate companies competing for business.
In making the announcement the CMA did not reveal a timescale for compliance with the order.
