ALERTS: MERGERS - EUROPEAN UNION - GERMANY – CROATIA - PROHIBITION - CONSTRUCTION

Prohibition: The General Court of the European Union confirms, by specifying what are ’undertakings concerned’ within the meaning of the Merger Regulation, the decision of the European Commission prohibiting an acquisition by two German companies active in the field of building materials (Cemex Croatia / HeidelbergCement, Schwenk)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. On 5 October 2020, the Court of First Instance of the European Union delivered a judgment in Case T-380/17 (HeidelbergCement and Schwenk Zement v Commission).. The Court of First Instance dismissed the action brought by HeidelbergCement AG and Schwenk, two German companies active in the field of building materials, seeking the annulment of the decision of the European Commission of 5 April 2017. by which the Commission prohibited the proposed acquisition of Cemex Croatia by the applicants, fearing that the transaction would significantly reduce competition in the grey cement markets and lead to higher prices in Croatia. An important clarification for a

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  • L’actu-concurrence (Paris)

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Alain Ronzano, Prohibition: The General Court of the European Union confirms, by specifying what are ’undertakings concerned’ within the meaning of the Merger Regulation, the decision of the European Commission prohibiting an acquisition by two German companies active in the field of building materials (Cemex Croatia / HeidelbergCement, Schwenk), 5 October 2020, Concurrences N° 4-2020, Art. N° 97128, www.concurrences.com

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