The EU General Court upholds the Commission’s decision to block a takeover in the construction sector (Cemex Croatia / HeidelbergCement / Schwenk)

On 5 October 2020, the EU's General Court ("GC") upheld the European Commission's ("Commission") decision to block the takeover of Cemex Croatia by DDC thereby dismissing the case brought by DDC's parent companies, HeidelbergCement and Schwenk Zement ("Schwenk") claiming, inter alia, that the Commission had no jurisdiction over the case. WHAT YOU NEED TO KNOW - KEY TAKEAWAYS In case of an acquisition by a full-function joint venture, the regulator will look at the real players behind