Cement News tagged under: Cemex Croatia

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General Court dismisses challenge of antitrust ruling in Croatia

06 October 2020, Published under Cement News

HeidelbergCement and Schwenk have reportedly lost their challenge of the European Commission’s antitrust veto of their joint bid for Cemex’s Croatian operations, after Europe's second-highest court backed the decision. The European Commission said in its 2017 ruling that the companies' offer to grant competitors access to a cement terminal in southern Croatia was not sufficient to address competition concerns that the deal would push up cement prices in Croatia. The companies subsequen...

Nexe Grupa reportedly looks to acquire Cemex Croatia

29 January 2020, Published under Cement News

Croatia’s Nexe Grupa is reportedly interested in acquiring the local unit of Cemex, which is still for sale following HeidelbergCement’s bid to buy it several years ago, according to Croatian media reports. Representatives from Nexe visited the headquarters of Cemex Croatia to carry out due diligence of the business, according to Slobodna Dalmacija. Cemex Croatia's assets comprise of three cement plants, two aggregate quarries and seven ready-mix plants. In 2015 Cemex signed an agreeme...