The Spanish Competition Authority clears, with remedies and monitoring, the acquisition of a white cement business (ÇIMSA / CEMEX)

The CNMC clears, with remedies, ÇIMSA's acquisition of CEMEX's white cement business* The merger has been cleared after intensive work during the second phase subject to a package of remedies that has been subject to a market test, both with the competitors and with the main customers of the parties, as well as to an exhaustive economic analysis based on the data of customers of bulk and bagged white cement in Spain. According to the final package of remedies, firstly, ÇIMSA committees itself to transfer to CEMENTOS MOLINS its right to use the Alicante silo. This transfer includes the list of customers that ÇIMSA has supplied from Alicante and the necessary assets located in the silo. Secondly, and in an effort to guarantee the supply of white cement in the south of Spain, ÇIMSA presented