EU Rejects German Bid To Probe Holcim-Cemex Deal

Law360, New York (January 6, 2014, 11:21 AM EST) -- The European Union's antitrust arm announced on Monday that it would continue its probe into the proposed acquisition of Holcim Ltd.'s Spanish cement operations by rival Cemex SAB de CV, denying a request to move the case to the jurisdiction of the German government.

Under the deal, Holcim intends to acquire part of Cemex's activities in cement, ready-mix concrete, aggregates and other materials in western Germany and a small number of plants and sites located in France and the Netherlands. The cross-border impact made it improper for the...
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