Breedon Aggregates passes phase 1 of Hope acquisition

Breedon Aggregates passes phase 1 of Hope acquisition
12 April 2016

Breedon Aggregates acknowledges the announcement today by the Competition and Markets Authority
(CMA) that it has completed its Phase 1 review of Breedon’s proposed acquisition of Hope Construction Materials Limited (“Hope”) and that it has concluded there is a realistic prospect of a substantial lessening of competition in a limited number of local ready-mixed concrete markets in England and Scotland.

In a company statement the building materials company stated "This outcome is in line with Breedon’s expectations and the company now has a short period during which to offer remedies to address the CMA’s outstanding concerns. Subject to agreement with the CMA on appropriate remedies, Breedon
expects to complete the acquisition later this summer in line with previous guidance."

Published under Cement News