On Monday 10 October, the European Commission announced that it was to open an in-depth investigation into the planned buyout of Cemex Croatia by HeidelbergCement and Schwenk.
The two businesses plan to acquire assets in Croatia and Hungary that currently belong to Cemex, through their joint subsidiary DDC. The Hungarian part of the operation will be assessed by the Hungarian competition authority.
The Commission has expressed concerns for the provision of grey cement in southern Croatia, in...