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Comment: SLB, ChampionX shares in Brazil artificial lift market are high, but deal still eligible for fast-track review

By Flavia Fortes ( July 8, 2024, 18:57 GMT | Comment) -- SLB, formerly known as Schlumberger, and ChampionX say their combined shares in the Brazilian artificial lift market would surpass 30 percent, which generally requires notification under a full-form procedure, but a small increase in concentration overall means the $7.8 billion deal is still eligible for fast-track review. The companies had argued they don’t directly compete in the artificial lift market because of their different offerings, but the Administrative Council for Economic Defense asked for additional information on the market as a whole. SLB and ChampionX say their combined shares in the Brazilian artificial lift market would surpass 30 percent, which generally requires notification under the full-form procedure, but a small increase in concentration overall means the $7.8 billion deal is still eligible for fast-track review....

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