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CMA probes Babcock’s £10m sale of oil and fuel helicopter enterprise
UK competition watchdog is set to review the £ 10 million sale of defense and engineering giant Babcock International Group Plc’s oil and gas aviation business. The Competition and Markets Authority (CMA) said it would look into whether the deal could significantly reduce competition in the UK. As part of the sale, the helicopter service
Babcock sells oil and fuel aviation enterprise for £10m
Defense and engineering giant Babcock International Group Plc has sold its oil and gas aviation business for £ 10 million while it continues to work on a “turnaround plan” to deal with financial losses. The sale to CHC Group LLC (CHC) comes just weeks after Babcock, which operates the huge Devonport shipyards in Plymouth and
