Cement News tagged under: European Commission

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EC to investigate HeidelbergCement-Schwenk acquisition of Cemex Croatia

11 October 2016, Published under Cement News

The plans of HeidelbergCement and Schwenk to acquire Cemex's Croatian subsidiary will be subject to review by the European Commission (EC). The transaction would result in the merger of Cemex Croatia, the largest domestic cement producer, with Duna Drava Cement, the largest importer and a subsidiary of the two German cement producers. After a preliminary analysis, the EC concluded that "the proposed transaction would remove a significant competitor in an already concentrated regional ...

Court annuls information request by EC into cement company competition probe

14 March 2016, Published under Cement News

The European Court of Justice has annulled a request for information the European Commission had made to several cement makers in a cartel probe. The European Commission in 2010 opened an investigation into several cement makers – including HeidelbergCement, Holcim and Lafarge – saying it suspected the companies of possibly restricting imports into the EU, divvying up markets and coordinating prices. A year later, the commission sent lengthy questionnaires to the companies, requesting...

European Commission closes antitrust proceedings

03 August 2015, Published under Cement News

European Union antitrust regulators on Friday scrapped a cartel investigation launched on 8 December 2010 against a number of cement producers with operations in Europe including Lafarge, Cemex and HeidelbergCement after failing to find evidence of a cartel. The European Commission (EC) opened the case with dawn raids in November 2008 and September 2009. It concerned anti-competitive practices in Austria, Belgium, the Czech Republic, France, Germany, Italy, Luxembourg, The Netherlands, ...

Holcim and Lafarge receive EC approval for CRH as buyer of divestment assets

27 April 2015, Published under Cement News

The European Commission has cleared under the EU Merger Regulation the proposed acquisition of several assets of Holcim and Lafarge by Irish building materials manufacturer CRH. The Commission concluded that the transaction would raise no competition concerns, in particular because the merged entity will continue to face sufficiently strong competition after the merger and customers will have alternative suppliers in all markets concerned. The proposed transaction concerns assets worth seve...

EC clears Holcim and Cemex Spanish deal

10 September 2014, Published under Cement News

The European Commission (EC) has cleared, under the EU Merger Regulation, the proposed acquisition of Holcim’s Spanish operations by Cemex, the last of three transactions under scrutiny in the European tie-up between the two global majors. Following an in-depth investigation launched in April 2014, yesterday the Commission concluded that the acquisition "would not raise competition concerns since the merged entity will continue to face sufficient competition from its rivals in all markets ...

Cemex expected to receive EU clearance for Holcim Spain assets

05 August 2014, Published under Cement News

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...

EC rejects request by Germany to review deal

07 January 2014, Published under Cement News

The European Commission (EC) has rejected a request from Germany to refer the planned acquisition of Cemex West by Holcim to the German competition authority for assessment under national competition law. The EC concluded that the geographic scope of the affected cement markets is wider than national and that therefore the Commission cannot refer the assessment of the transaction to Germany. The commission has until 31 March 2014 to take a final decision. In the proposed transaction Holc...

European Commission publishes NIM decision

03 October 2013, Published under Cement News

The European Commission published its decision relating to the National Implementation Measures (NIM) under the EU Emission Trading Directive (EU-ETD) on 5 September. It highlights that a stringent cross-sectoral reduction factor has been applied to the free allocations to be allocated to industry recognised as vulnerable to carbon leakage. Responding to the decision, the European cement association Cembureau said it “deplores the lack of transparency in the Decision regarding the numbers...

European Commission to publish ETS review report

25 June 2012, Published under Cement News

EU Climate Change Commissioner Connie Hedegaard recently announced that the review of the EU Emissions Trading Scheme (ETS) will be published before the summer break in 2012 rather than 2013. The review will take the shape of a report by the European Commission, which will propose to delay the auctioning of hundreds of millions of third phase emission allowances (EUAs) in September. The delay will be expected to serve as support for the carbon price in the bloc. In addition, the report wi...