The European Commission Friday cleared German cement makers Mibau Holding GmbH, controlled by HeidelbergCement and Foster Yeoman Baumineralien GmbH, to buy German building materials company Figdor Baustoffhandel GmbH.
Mibau makes and distributes construction materials. Foster Yeoman distributes materials for concrete and asphalt production. Figdor treats, stores and distributes building materials in Wilhelmshaven, Germany. The takeover was cleared under the commission’s simplified procedure. This clears deals automatically after one month if no third party complains.
