Cma

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The Competition and Markets Authority (CMA) has paved the way for materials supplier Breedon to acquire around 100 sites from Cemex after accepting moves by the company to resolve competition concerns.

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Construction materials supplier Breedon has agreed the disposal of certain assets to Tillicoultry Quarries Limited for £12.2 million on a cash and debt free basis as it moves to address competition concerns regarding its acquisition of around 100 sites from Cemex.

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Construction materials supplier Breedon is to offload two quarries and a cement terminal in Scotland in an effort to address competition concerns regarding its £178 million deal to buy around 100 Cemex sites around the UK.

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Breedon’s proposed purchase of certain Cemex assets will raise competition concerns, and result in higher prices for materials in the East of Scotland, the Competition and Markets Authority (CMA) has warned as it set a five-day deadline for the concerns to be addressed.

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Two of the UK’s largest suppliers of rolled lead have admitted to taking part in anti-competitive arrangements and could face fines of more than £11 million.

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Three construction firms have been fined more than £36 million in total for breaking competition law in supplying certain concrete drainage products for building projects following an investigation by the Competition and Markets Authority (CMA).

16-30 of 39 Articles