Press Release: Mergers: Commission opens in-depth investigation into proposed acquisition of Holcim assets by Cemex

On 23 April 2014, the European Commission opened an in-depth investigation to assess whether the planned acquisition of the Spanish operations of Swiss building materials group Holcim ("Holcim assets") by its Mexican rival Cemex is in line with the EU Merger Regulation.

Both companies are global suppliers of cement and other building materials. The Commission has concerns that the transaction may reduce competition in certain areas of Spain where the two companies' activities overlap. The opening of an in-depth inquiry does not prejudge the outcome of the investigation. The Commission now has 90 working days, until 5 September 2014, to take a decision.

ESO: Background information: Mergers: Commission continues inquiry into planned acquisition of Cemex West by Holcim in cement industry and does not refer case to Germany http://www.europeansources.info/record/press-release-mergers-commission-continues-inquiry-into-planned-acquisition-of-cemex-west-by-holcim-in-cement-industry-and-does-not-refer-case-to-germany/

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