Competition and Markets Authority Merger Update: Breedon/Cemex

Date : 01/07/2020 @ 07:00
Source : UK Regulatory (RNS & others)

Competition and Markets Authority Merger Update: Breedon/Cemex

RNS Number : 5667R

Competition and Markets Authority

01 July 2020

Start of CMA Merger Investigation: anticipated acquisition by Breedon Group plc of certain assets of Cemex Investments Limited.

The Competition and Markets Authority (CMA) is considering whether it is or may be the case that this transaction , if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation may be expected to result, in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.

The CMA announced the launch of its merger inquiry by notice to the Parties on 1 July 2020 and has a deadline of 26 August 2020 for its phase 1 decision.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

MERWPUMAQUPUGPU

(END) Dow Jones Newswires

July 01, 2020 02:00 ET (06:00 GMT)

ADVFN Advertorial
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20200713 15:54:09