Anglo, Lafarge Must Shed Assets To Proceed With Venture

Law360, New York (May 1, 2012, 4:47 PM EDT) -- The U.K.'s competition regulator said Tuesday that mining giant Anglo American PLC and French construction company Lafarge SA must sell off a considerable portion of their operations before their proposed construction materials joint venture can get a go-ahead.

The Competition Commission issued its final report on the joint venture that reiterated its concerns about the possible danger of coordination in the market for bulk cement, which would reduce competition for such products including aggregates, asphalt and ready-to-mix concrete.

To address these potential anti-competitive issues, the regulator...
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