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Europe Daily Bulletin No. 11066

25 April 2014
ECONOMY - FINANCE - BUSINESS / (ae) competition
Cemex's planned buy-up of Holcim assets under investigation

Brussels, 24/04/2014 (Agence Europe) - On Wednesday 23 April, the European Commission announced that it 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...

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