Signage is seen at the Federal Trade Commission headquarters in Washington, D.C., U.S., August 29, 2020.
REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsAug 16 (Reuters) - EQT Corp (EQT.N), the biggest U.S. natural gas producer, said on Wednesday that it had won antitrust approval to close a deal to buy Quantum Energy-backed THQ Appalachia I LLC and associated infrastructure.
The U.S. Federal Trade Commission said on Wednesday it had moved to resolve antitrust concerns over the transaction by hammering out a consent order that "prevents entanglements" between Quantum Energy Partners and EQT Corp.
The agreement would bar Quantum from having a seat on EQT's board, requires Quantum to divest EQT shares and puts other restrictions on the deal to ensure competition in the energy market.
Reporting by Diane Bartz, Rami Ayyub and Dan Whitcomb; Editing by Eric Beech and Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.
Persons:
Andrew Kelly, Diane Bartz, Rami Ayyub, Dan Whitcomb, Eric Beech, Marguerita Choy
Organizations:
Federal Trade Commission, Washington , D.C, REUTERS, EQT, Quantum Energy, THQ, U.S . Federal Trade Commission, Quantum Energy Partners, EQT Corp, Thomson
Locations:
Washington ,