Find a page

EU clears CRH deal for asset buys
24 Apr 2015 17:05
European competition regulators have today cleared cement firm CRH's planned €6.5 billion purchase of a number of mostly European assets from rivals Lafarge and Holcim.
-
The European Commission said it had now approved the sale of those assets to CRH, finding that it posed no separate competition risk.
-
"CRH's activities overlap with the divested businesses in a number of areas, such as cement, aggregates, ready-mix concrete and asphalt," the Commission said in a statement.
-
However, it added that because these materials are sold close to where they are manufactured, in local markets, CRH would not gain an unfair advantage and would still face competition.
-
The Commission cleared the merger in December but required Lafarge to sell businesses in Germany, Romania and Britain, while Holcim had to do the same in France, Hungary, Slovakia, Spain and the Czech Republic.
-
Regulators in other countries such as the US and Brazil also demanded that the two companies sell assets to address their competition concerns.
-
CRH shares closed 2.8% higher in Dublin trade this evening.
-

Where can I get RTÉ Aertel Digital?

RTÉ Aertel Digital is an enhanced digital version of the RTÉ Aertel teletext service. It functions in the same way as the analogue service, offering current news, sport and weather updates but is now more agile and easier to use.

RTÉ Aertel Digital is available on Saorview, the new free digital TV service in Ireland.
Press TEXT button on your remote to launch Aertel from RTÉ One, RTÉ Two, RTÉ News Now.