Mergers: Commission prohibits HeidelbergCement and Schwenk’s proposed takeover of Cemex Croatia

The European Commission announced on 5 April 2017 its decision to prohibit the proposed takeover of Cemex Croatia by HeidelbergCement and Schwenk, according to the EU Merger Regulation. The Commission showed concerns that the operation would have significantly reduced competition in grey cement markets and increased prices in Croatia.

The Commission started an in-depth investigation on this takeover in October 2016.

• Primary Source

European Commission: DG Communication: STATEMENT/17/888, 05.04.17: Statement by Commissioner Vestager on two merger decisions to prohibit HeidelbergCement and Schwenk's proposed takeover of Cemex Croatia's assets and to approve ChemChina's acquisition of Syngtena http://europa.eu/rapid/press-release_STATEMENT-17-888_en.htm

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