Press Release: Mergers: Commission opens in-depth investigation into proposed acquisition of Cemex West by Holcim

The European Commission on 22 October 2013 opened an in-depth investigation to assess whether the planned acquisition of the German company Cemex West by its Swiss rival Holcim is in line with the EU Merger Regulation. Both companies are global suppliers of cement and other building materials. The Commission has concerns that the transaction may reduce competition in parts of Germany and Belgium where Cemex West is an actual or potential competitor of Holcim. The opening of an in-depth inquiry does not prejudge the outcome of the investigation. The Commission now has 90 working days, until 10 March 2014, to take a decision.