![](https://www.pymnts.com/wp-content/uploads/2022/05/Maersk.jpeg)
The Drilling Company Maersk Drilling said Monday that after the UK Competition and Markets Authority raised concerns over its planned acquisition by Noble Corp, the companies now plan to offer remedies.
Noble agreed to buy Maersk Drilling last November in an all-share deal under which shareholders of each company would own 50% of the combined group. However, last month UK regulators said the deal could increase operating costs for oil-and-gas producers in the U.K. and it would refer the deal for further review, unless the companies offer a solution.
Related: UK Watchdog Is Concerned Over Noble & Maersk Drilling Deal
In a statement Monday, Maersk Drilling said Noble plans to offer to divest certain jackup rigs currently located in the North Sea as it seeks to obtain conditional antitrust clearance from the U.K. CMA in Phase 1 of the merger control process.
The rigs concerned are the Noble Hans Deul, Noble Sam Hartley, Noble Sam Turner, Noble Houston Colbert, and either the Maersk Innovator or the Noble Lloyd Noble.
If the companies are able to obtain a conditional Phase 1 antitrust clearance from the U.K. CMA, the business combination is expected to close in mid-2022, it said.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Geradin Partners Expands Paris Office with Key Hire
Aug 30, 2024 by
CPI
Judge Accuses Google of ‘Clear Abuse’ in Antitrust Case Over Deleted Employee Chats
Aug 29, 2024 by
CPI
Hong Kong Cleaning Company Employee Charged in Historic Antitrust Investigation Case
Aug 29, 2024 by
CPI
Inside the Yelp Suit: Allegations of Google’s Abuse of Search Power
Aug 29, 2024 by
CPI
AI Safety Bill Clears Hurdle in California, Heads to Governor’s Desk
Aug 29, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – State Attorneys General
Aug 22, 2024 by
CPI
CPI Talks… …With Attorney General Phil Weiser
Aug 22, 2024 by
CPI
The Bipartisan Miracle of State Antitrust Enforcement
Aug 22, 2024 by
Gwendolyn J. Lindsay Cooley
Recent Developments in State Antitrust Enforcement: Agriculture and Food Markets
Aug 22, 2024 by
Elizabeth R. Odette
State Attorneys General: Stewards of Consumer Health and Welfare
Aug 22, 2024 by
Brooke Howlett Lovrovich