On Wednesday 5 April, the European Commission prohibited the proposed takeover of Cemex Croatia by HeidelbergCement and Schwenk through their joint venture company Duna Dráva Cement (DDC).
The Commission had strong concerns that the takeover would have significantly reduced competition in grey cement markets and increased prices in Croatia. The parties “failed to offer appropriate remedies to address these concerns”, said Competition Commissioner Margrethe Vestager.
Cemex Croatia is...