EU Summit Instructs the European Commission to Study the Model of Price Formation in the Gas Market
The EU summit instructed the European Commission to study the model of price formation in the gas market. In addition, to explore options for helping consumers who are most affected by the rise in prices. “The participating countries and the European Commission are instructed to urgently prepare a package of measures …
GE / Baker Hughes: European Commission Clears Merger
Baker Hughes Incorporated (NYSE:BHI) and General Electric Company (NYSE:GE) announced today that the European Commission has cleared the proposed transaction between Baker Hughes and GE’s oil and gas business under EU merger control rules. The companies remain confident in the value that the combined company will deliver to its customers, …
Halliburton: Response to European Commission’s Suspension of Formal Review Period
The European Commission has requested additional information as part of its ongoing review process, and Halliburton and Baker Hughes intend to provide the additional information as expeditiously as possible. Requests for additional information are part of the usual post-filing process. The suspension of the formal review period is standard procedure …
Gazprom Responds to EU “Statement of Objections”
On April 22, 2015 the European Commission published a press release on its official website, according to which the European Commission adopted a “statement of objections” in the course of ongoing antitrust investigation of OAO “Gazprom” activity in the European Union (EU). OAO “Gazprom” considers the claims brought by the …