Cemex expected to receive EU clearance for Holcim Spain assets

Cemex expected to receive EU clearance for Holcim Spain assets
Published: 05 August 2014


European Union antitrust regulators are expected to approve Cemex’s bid to acquire Holcim’s Spanish units without requiring concessions from the Mexican producer, a source told Reuters on Monday.

Cemex has convinced the European Commission that the deal will not reduce competition in Spain, a person familiar with the matter told the news agency.

Another source had previously told Reuters earlier this month that the Commission had objected to the deal.

Last month the European Commission said it had extended the deadline for its decision on whether to clear or block the deal from 5 September to 12 September 2014.