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Baker Hughes Reportedly Offers EU Remedies to Win Approval for $13.6 Billion Chart Deal

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Baker Hughes (BKR) has offered remedies to secure EU antitrust approval for its $13.6 billion acquisition of Chart Industries, multiple news outlets reported on Monday, citing a European Commission filing.

The EU competition regulator did not disclose details of the proposed concessions and has set a July 10 deadline for its decision. The Commission is expected to seek feedback from customers and competitors before deciding whether to approve the deal, request additional remedies, or open an in-depth investigation if competition concerns persist.

Baker Hughes announced the acquisition last year to strengthen its industrial technology business, particularly in LNG and data center markets. Chart Industries manufactures equipment used in handling gases and liquids and operates 65 manufacturing sites and more than 50 service centers worldwide.

Baker Hughes and the EC did not immediately respond to a request for comment from.

Price: $58.15, Change: $-0.26, Percent Change: -0.45%

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