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News European court rules against HeidelbergCement and Schwenk Zement acquisition of Cemex Croatia

European court rules against HeidelbergCement and Schwenk Zement acquisition of Cemex Croatia

Written by Global Cement staff 06 October 2020
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Croatia: A European Union (EU) court has ruled in favour of the European Commission’s antitrust veto of Germany-based HeidelbergCement and Schwenk Zement’s 2017 acquisition agreement with Mexico-based Cemex for acquisition of its subsidiary Cemex Croatia. The court said that the deal was anti-competitive in that it had the potential to push up cement prices in Croatia, in spite of HeidlebergCement and Schwenk Zement’s offer to grant other cement suppliers access to a terminal.

Last modified on 07 October 2020
Published in Global Cement News
Tagged under
  • Croatia
  • Legal
  • HeidelbergCement
  • Schwenk Zement
  • Cemex Croatia
  • Cemex
  • Acquisition
  • Competition
  • European Commission
  • Terminal
  • GCW476

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