Siemens Acquisition of Heliox Faces UK Competition Probe
October 27 2023 - 2:44AM
Dow Jones News
By Michael Susin
The U.K. Competition and Markets Authority said it has launched
an investigation regarding the acquisition of Heliox by a Siemens
subsidiary.
The watchdog said that it will consider if the deal made by
Siemens International Holding for the Netherlands-based
electric-vehicle charging specialist may result in a substantial
lessening of competition.
The CMA has invited for comments by Nov. 10, while the
first-phase decision of has a deadline of Dec. 22.
Write to Michael Susin at michael.susin@wsj.com
(END) Dow Jones Newswires
October 27, 2023 02:29 ET (06:29 GMT)
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