The EU Commission clears a merger subject to remedies in the market of building materials (HeidelbergCement / Italcementi)

MERGERS: COMMISSION APPROVES ACQUISITION OF BUILDING MATERIALS GROUP ITALCEMENTI BY HEIDELBERGCEMENT, SUBJECT TO CONDITIONS* The European Commission has cleared under the EU Merger Regulation the proposed acquisition of Italian building materials group Italcementi by its German competitor HeidelbergCement. The clearance is conditional on HeidelbergCement selling Italcementi's entire business in Belgium. Commissioner Margrethe Vestager, in charge of competition policy said: "Competitive markets for cement and concrete are essential for the EU's construction sector. I welcome the proposed commitments as they will ensure that HeidelbergCement's multibillion euro takeover of Italcementi will not harm effective competition." The

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European Commission, The EU Commission clears a merger subject to remedies in the market of building materials (HeidelbergCement / Italcementi), 26 May 2016, e-Competitions May 2016, Art. N° 79812

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