Baker Hughes Secures Conditional EU Nod for Chart Industries Acquisition

By EC Assets · Published 10 July 2026

Baker Hughes has received conditional approval from the European Union for its acquisition of Chart Industries. The proposed deal is valued at $13.6 billion. This conditional nod advances the U.S. oilfield services firm's plans. Baker Hughes had previously offered unspecified remedies for the deal. The company entered a definitive agreement in July 2025 to acquire all outstanding shares of Chart Industries, Inc. The $13.6 billion figure includes debt. The International Energy Agency published its Oil Market Report for July. Baker Hughes weekly rig counts are also due. The agency confirmed its expectation of a one million barrels per day decline in global oil demand for 2026. This compares to a previous forecast of a 1.1 million barrels per day drop. Italy is set to auction EUR 6.0, 7.5 billion across 2029, 2033, and 2041 lines. This article is intended for informational purposes only. It does not constitute investment advice.