EU rejects German request to review Holcim-Cemex deal

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Belgium: The European Commission said on 6 January 2014 that it has rejected Berlin's request to refer to the German competition authority regarding a proposed takeover by Holcim of some of Cemex's European assets. Holcim intends to acquire part of Cemex's activities in cement, ready-mix concrete and aggregates in western Germany and a small number of plants and sites in France and the Netherlands.

The German competition authority had asked to review the proposed deal itself, arguing that it threatened to significantly affect competition in the cement markets of northern and western Germany. However, the Commission, which acts as the competition authority in Europe, said that the deal would affect cement markets outside of Germany such as parts of Belgium, the Netherlands and the northeast of France. "The Commission concluded that the geographic scope of the affected cement markets is wider than national and that therefore the Commission cannot refer the assessment of the transaction to Germany."

The Commission announced in October 2013 that it was opening an in-depth investigation into the proposed takeover. It has until 31 March 2014 to make a final decision.

Last modified on 08 January 2014

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