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EU: Commission clears Cemex/Holcim merger

 |  September 9, 2014

The European Commission announced Tuesday that it has approved of Mexico-based cement conglomerate Cemex to acquire Switzerland-based competitor Holcim, say reports.

The regulator first launched a probe into the transaction last April to review how the takeover would affect the cement market in Spain. Reports have since emerged that the Commission would unconditionally give a pass for the deal.

The approval was announced as Holcim proceeds with its plans to merge with French peer Lafarge, a deal that would create the world’s largest cement company, according to reports.

Full content: Economic Times of India

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