EU turns down German request to look at Holcim, Cemex deal

|By:, SA News Editor

The European Commission has rejected a request from Germany's competition authority to review Holcim's (HCLMF) acquisition of some of Cemex's (CX) European assets.

The German regulator had argued that the deal affected competition in the cement markets of northern and western Germany. In reply, the EU said transaction also has an impact on other markets in Europe, including in Belgium, the Netherlands and the northeast of France.