The Spanish Competition Authority initiates second-phase examination in connection with an acquisition of a white cement production base (Çimsa / Cemex)

Çimsa Çimento ve San. ve Tic. A.Ş. (“ Çimsa ”), a Turkey based international cement manufacturer has made a notification to the National Commission on Markets and Competition (“ CNMC ” in Spanish) on 05.06.2019 for its agreement with CEMEX S.A.B. de C.V (“ Cemex ”), aimed to purchase Cemex’s Buñol Plant located in Valencia, Spain which is a significant white cement production base in European Economic Area (“ EEA ”). The CNMC, published a press release on 31.07.2019 [1] regarding the initiation of a second phase examination with respect to the transaction between Çimsa and Cemex. In the result of the CNMC’s first phase analysis, it was concluded that the transaction is likely to have effects on the competition in the national market of “manufacture and sale of white cement” and

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Bahadır Balkı, Nabi Can Acar, Burak Bugrahan Sezer, The Spanish Competition Authority initiates second-phase examination in connection with an acquisition of a white cement production base (Çimsa / Cemex), 31 July 2019, e-Competitions Bulletin July 2019, Art. N° 91552

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