Press Release: Mergers: Commission approves acquisition of control of Züblin by Strabag; refers review of regional asphalt markets to Germany’s Federal Cartel Office

Acting under the EU Merger Regulation, the European Commission has given FIMAG Finanz Industrie Management AG ('FIMAG'), the Austrian holding company of the Strabag Group, the go-ahead to acquire control of the German construction company Ed. Züblin AG ('Züblin'). The European Commission concluded that the planned operation would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it, as the parties' combined market shares on the relevant markets in Germany would be limited and there would be only a slight increase of market share on the relevant markets in Austria. At the same time, the Commission referred the assessment of the impact of the operation on the regional asphalt markets in Berlin, Chemnitz, Leipzig/Halle, Rostock and Munich to Germany’s Federal Cartel Office.

European Commission: DG Competition: Merger Cases: M.3864 http://ec.europa.eu/comm/competition/mergers/cases/index/m77.html#m_3864

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