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EU antitrust regulator objects to Cemex, Holcim deal in Spain - sources
July 11, 2014 / 2:16 PM / 3 years ago

EU antitrust regulator objects to Cemex, Holcim deal in Spain - sources

BRUSSELS, July 11 (Reuters) - Europe’s antitrust regulator has objected to Mexican cement producer Cemex’s plan to acquire Swiss peer Holcim’s Spanish operations, citing serious anti-competitive effects, a person familiar with the matter said on Friday.

“The European Commission has sent a statement of objections to the companies,” the person said, referring to a document which backs up the EU watchdog’s views that the deal would be a significant impediment to competition.

The Commission has been investigating the deal since April. A preliminary review showed that the takeover would substantially curb competition in the grey cement market in certain parts of Spain. (Reporting by Foo Yun Chee; editing by Robin Emmott)

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