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Europe Daily Bulletin No. 9260
Contents Publication in full By article 26 / 37
GENERAL NEWS / (eu) eu/competition

Acquisition of Foster Yeoman by Aggregate Industries cleared - refers review of UK local aggregates markets to Office of Fair Trading

Brussels, 07/09/2006 (Agence Europe) - The European Commission has cleared the proposed take-over of Foster Yeoman (a privately-owned heavy building materials group) by Aggregate Industries, a subsidiary of the Holcim Group (Switzerland), both of the UK. According to the Commission, the operation will not impede competition on markets outside the United Kingdom, on which it has given its opinion. It has left it up to the Office of Fair Trading (OFT) to examine effects on the British market. Pursuant to Article 9 of the EU Merger Regulation, the UK's Office of Fair Trading (“OFT”) considers that the UK aggregates, asphalt and road surfacing market do not constitute a substantial part of the Common Market. On the German market, where Holcim as a local ready-mixed cement production in Rostock, the Commission concluded that the proposed acquisition would not create any risk of aggregate supply problems for other local ready-mixed concrete producers.

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