Print Edition - 2017-04-06  |  Money Digest

EU block takeover of Cemex

- - AP, BRUSSELS

Apr 6, 2017-

European Union regulators have blocked the proposed takeover of Cemex Croatia, a cement maker, by Germany’s HeidelbergCement and Schwenk, saying it would have significantly reduced competition. The EU’s antitrust chief, Margrethe Vestager, said on Wednesday that “we had clear evidence that this takeover would have led to price increases in Croatia, which could have adversely affected the construction sector.” The EU regulators said the German companies had failed to agree on concessions that would have eased the EU’s concerns about market domination.

Published: 06-04-2017 09:38

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