Regulators raid Holcim, Lafarge, Cemex

Regulators raid Holcim, Lafarge, Cemex
Published: 05 November 2008

Regulators launched a dawn raid on the offices of Europe’s biggest cement producers yesterday as Brussels embarked on a new inquiry into industry practices.

Lafarge confirmed that its cement business in France, Germany and the UK had been visited by European Commission investigators.

"I can confirm that an investigation is ongoing,’’ it said. "We are co-operating with the authorities."

Holcim did not comment on why the offices were being searched and said it was cooperating fully. "EU antitrust authorities searched offices of the Holcim Group companies," said Holcim spokesman Peter Gysel. "Offices were searched in France, Belgium, Germany and the UK."

Meanwhile, Cemex said in a press release that it is cooperating in the investigation, and "providing all requested information and producing the requested testimonies."