CASE COMMENTS: FOREIGN CASELAW – TRANSNATIONAL HORIZONTAL MERGER – CONSENT AGREEMENT – DIVESTITURE

Canada: The Competition Tribunal approves the consent agreement concerning two multinational cement’s merger (Holcim)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. The Competition Bureau (Bureau) announced on May 4, 2015, that it has entered into a consent agreement (commitment) with the multinational cement company Holcim (Holcim). In accordance with section 105 L.c., this consent agreement was ratified by the Competition Tribunal (Tribunal) on the same day. After a thorough review and in order to dissipate the adverse effects of the merger on competition, Holcim agreed under the terms of the negotiated agreement to divest all of its Canadian operations, all associated assets and some operations in the United States as part of its transnational plan to acquire Lafarge (Lafarge). A transnational merger between two

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Karounga Diawara, Canada: The Competition Tribunal approves the consent agreement concerning two multinational cement’s merger (Holcim), 4 May 2015, Concurrences N° 1-2016, Art. N° 77957, pp. 233-234

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