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Significant assets need to be sold for Anglo-American/Lafarge joint venture approval

By  |  May 1, 2012

The U.K. Competition Commission has decided to require divestitures before approving the Anglo-American and Lafarge joint venture. The Commission in February had voiced its concerns with the transaction’s effects on competition in several markets for construction materials. Among the assets the Commission has identified to sell are a network of ready-mix concrete plants that would have made up more than half of the joint venture’s capacity. Other businesses include a cement plant, asphalt plants, aggregate quarries, and a linked rail depot in northern England. The divestitures are to allow new entrants into the market.

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    Full content: Reuters

     

    Related content: Comment on the OFT and Competition Commission Merger Guidelines Review (Thomas Sharpe QC, One Essex Court)

     

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