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Champion Technologies seeks $2 bln in sale - Bloomberg

Oct 12 (Reuters) - Privately-held Champion Technologies Inc, which makes oilfield specialty chemicals, is seeking a sale that could value the company at about $2 billion, Bloomberg reported, citing people with knowledge of the matter.

Champion Technologies, which competes with Schlumberger NV , Halliburton Co and Baker Hughes Inc , may strike a deal with a larger competitor, the agency said.

The company could not immediately be reached for comment by Reuters outside regular U.S. business hours.

(Reporting by Sakthi Prasad; Editing by Daniel Magnowski)

((sakthi.prasad@thomsonreuters.com)(within U.S. +1 646 223 8780)(outside U.S. +91 80 4135 5800)(Reuters Messaging: sakthi.prasad.thomsonreuters.com@reuters.net))

Keywords: CHAMPION DEAL/