A PYMNTS Company

EU: Almunia predicts months-long review of mega cement merger

By  |  April 10, 2014

After two of the world’s largest cement firms announced plans to merge to create a conglomerate worth nearly $60 billion, European Commissioner Joaquin Almunia offered insight into what the companies can expect from regulatory scrutiny.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    According to reports, Almunia said he predicts a phase 2 analysis of the deal between Switzerland-based Holcim and France-based Lafarge, suggesting the case will likely last months.

    In all, 15 jurisdictions will need to approve of the deal. Almunia weighed in on the EU’s review of the tie-up at a conference in Greece on Thursday organized by the Hellenic Competition Authority, according to reports.

    Full Content: Reuters

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.