The joint acquisition by GEC Alsthom and Tarmac Construction of British Railway’s infrastructural maintenance firm CIMCo has been cleared by the Commission

Date: 25/04/1996

The partners will control about 23&percent; of the market, but stiff competition from four other firms with 10&percent;-plus market share will avoid the creation of a dominant position. The agreement under which Swedish investors took control of building materials group Euroc Bygghandel was also cleared.